87.5 Benefit insurance.
Subject to the approval of the workers’ compensation commissioner, any employer or group of employers may enter into or continue an agreement with the workers of the employer or group of employers to provide a scheme of compensation, benefit, or insurance in lieu of compensation and insurance; but such scheme shall in no instance provide less than the benefits provided and secured, nor vary the period of compensation provided for disability or for death, or the provisions of law with respect to periodic payments, or the percentage that such payments shall bear to weekly wages, except that the sums required may be increased; and the approval of the workers’ compensation commissioner shall be granted, if the scheme provides for contribution by workers, only when it confers benefits, in addition to those required by law, commensurate with such contributions.
[S13, §2477-m43; C24, 27, 31, 35, 39, §1471; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §87.5]
98 Acts, ch 1061, §11
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 87 - WORKERS’ COMPENSATION OR EMPLOYERS’ LIABILITY INSURANCE
Section 87.1 - Insurance of liability required.
Section 87.2 - Notice of failure to insure.
Section 87.3 - Maximum commission for renewal.
Section 87.4 - Group and self-insured plans — tax exemption — plan approval.
Section 87.5 - Benefit insurance.
Section 87.6 - Certificate of approval.
Section 87.7 - Termination of plan — appeal.
Section 87.8 - Insolvency clause prohibited.
Section 87.9 - Policy clauses required.
Section 87.10 - Other policy requirements.
Section 87.11 - Relief from insurance — procedures upon employer’s insolvency.
Section 87.11A - Examination required.
Section 87.11B - Obligation to assist an examination — oaths.
Section 87.11C - Self-insurance examiners.
Section 87.11D - Payment of examination expenses by the self-insured employer.
Section 87.11E - Penalties for filing false financial statements.
Section 87.13 - Interpretative clause.
Section 87.14A - Insurance required.
Section 87.19 - Failure to comply — proceedings.
Section 87.20 - Revocation of release from insurance.
Section 87.21 - Employer failing to insure.
Section 87.23 - Compensation liability insurance not required.