Iowa Admin. Code r. 191-38.12

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 191-38.12 - Purpose and applicability

(1) The purpose of this chapter is to adopt the new model provisions for coordination of benefits (COB) as promulgated by the National Association of Insurance Commissioners (NAIC).

(2) This division is intended to establish a uniform order of benefit determination under which plans pay claims; to reduce duplication of benefits by permitting a reduction of the benefits to be paid by plans that, pursuant to rules established by this division, do not have to pay benefits first; and to provide greater efficiency in the processing of claims when a person is covered under more than one plan.

(3) These rules apply to all plans that are issued on or after January 25, 2006.

Iowa Admin. Code r. 191-38.12

ARC 9164B, lAB 10/20/10, effective 11/24/10