Iowa Code 518B.2 – Reimbursement fund created
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Terms Used In Iowa Code 518B.2
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
518B.2 Reimbursement fund created.
There is hereby created the federal riot reinsurance reimbursement fund in the office of the treasurer of state which shall be operated under the joint control of the director of the department of administrative services and the commissioner. The fund shall consist of all payments made by insurers in accordance with the provisions of this chapter. The director of the department of administrative services shall have the same power to enforce the collection of the assessments provided under this chapter as any other obligation due the state.
[C71, 73, 75, 77, 79, 81, §518B.2]
2003 Acts, ch 145, §286; 2021 Acts, ch 80, §331
There is hereby created the federal riot reinsurance reimbursement fund in the office of the treasurer of state which shall be operated under the joint control of the director of the department of administrative services and the commissioner. The fund shall consist of all payments made by insurers in accordance with the provisions of this chapter. The director of the department of administrative services shall have the same power to enforce the collection of the assessments provided under this chapter as any other obligation due the state.
[C71, 73, 75, 77, 79, 81, §518B.2]
2003 Acts, ch 145, §286; 2021 Acts, ch 80, §331