Iowa Code 510.22 – Waiving of requirements
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Terms Used In Iowa Code 510.22
- 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
510.22 Waiving of requirements.
The commissioner may waive the requirements of § 510.21 for any person or class of
persons. The factors taken into account in granting a waiver shall include, but are not limited to whether:
1. The person acting as a third-party administrator is primarily in a business other than that of a third-party administrator.
2. The financial strength and history of the organization indicates stability in its continuity of doing business.
3. The regular duties being performed as a third-party administrator are such that the covered persons are not likely to be injured by a waiver of such requirements.
89 Acts, ch 227, §15; 2006 Acts, ch 1117, §48
The commissioner may waive the requirements of § 510.21 for any person or class of
persons. The factors taken into account in granting a waiver shall include, but are not limited to whether:
1. The person acting as a third-party administrator is primarily in a business other than that of a third-party administrator.
2. The financial strength and history of the organization indicates stability in its continuity of doing business.
3. The regular duties being performed as a third-party administrator are such that the covered persons are not likely to be injured by a waiver of such requirements.
89 Acts, ch 227, §15; 2006 Acts, ch 1117, §48