Iowa Code 521J.10 – Excess workers’ compensation insurance
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 521J.10
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
521J.10 Excess workers’ compensation insurance.
1. A captive company may provide excess workers’ compensation insurance to the captive company’s parent and affiliated companies unless the laws of the state that has jurisdiction over the transaction prohibits the captive company from providing excess workers’ compensation insurance.
2. A captive company may reinsure workers’ compensation of a qualified self-insured plan of the captive company’s parent and affiliated companies.
2023 Acts, ch 107, §13
NEW section
1. A captive company may provide excess workers’ compensation insurance to the captive company’s parent and affiliated companies unless the laws of the state that has jurisdiction over the transaction prohibits the captive company from providing excess workers’ compensation insurance.
2. A captive company may reinsure workers’ compensation of a qualified self-insured plan of the captive company’s parent and affiliated companies.
2023 Acts, ch 107, §13
NEW section