Iowa Code 513A.6 – Production agency or administrator — disclosure
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 513A.6
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
513A.6 Production agency or administrator — disclosure.
1. A production agency or administrator which advertises, sells, transacts, or administers the coverage in this state as defined in § 513A.2 and which is required to submit to an examination by the insurance commissioner under § 513A.4, shall, if the coverage is not fully insured or otherwise fully covered by an admitted life or disability insurer, nonprofit hospital service plan, or nonprofit health care plan, advise every purchaser, prospective purchaser, and covered person of the lack of insurance or other coverage.
2. An administrator which advertises or administers the coverage in this state as defined in § 513A.2 and which is required to submit to an examination by the insurance commissioner under § 513A.4, shall advise any production agency of the elements of the coverage, including the amount of stop-loss insurance in effect.
91 Acts, ch 213, §16; 2021 Acts, ch 76, §150
1. A production agency or administrator which advertises, sells, transacts, or administers the coverage in this state as defined in § 513A.2 and which is required to submit to an examination by the insurance commissioner under § 513A.4, shall, if the coverage is not fully insured or otherwise fully covered by an admitted life or disability insurer, nonprofit hospital service plan, or nonprofit health care plan, advise every purchaser, prospective purchaser, and covered person of the lack of insurance or other coverage.
2. An administrator which advertises or administers the coverage in this state as defined in § 513A.2 and which is required to submit to an examination by the insurance commissioner under § 513A.4, shall advise any production agency of the elements of the coverage, including the amount of stop-loss insurance in effect.
91 Acts, ch 213, §16; 2021 Acts, ch 76, §150