Iowa Admin. Code r. 191-35.21

Current through Register Vol. 47, No. 8, October 30, 2024

Rule 191-35.21 - Review of certificates issued under group policies

(1)Nondiscretionary groups. A certificate of coverage delivered in this state under a group life or accident and health insurance policy issued to a group substantially as described in Iowa Code sections 509.1(1) to 509.1(7) may not be reviewed by the commissioner if the policy is issued outside of this state.

(2)Discretionary groups. A certificate of coverage delivered in this state under a group life or accident and health insurance policy issued to a group not substantially as described in Iowa Code sections 509.1(1) to 509.1(7) may not be reviewed by the commissioner if the policy is issued outside of this state and if the policy is issued or offered in a state which has reviewed and approved the policy under a statute substantially similar to Iowa Code section 509.1(8).

This rule is intended to implement Iowa Code sections 509.1, 509.6, and 509A.14.

Iowa Admin. Code r. 191-35.21

Amended by IAB October 5, 2022/Volume XLV, Number 7, effective 11/9/2022