Iowa Admin. Code r. 191-56.1

Current through Register Vol. 46, No. 25, May 29, 2024

Rule 191-56.1 - General provisions

(1) Associations which are issued a certificate of approval by the commissioner shall not be deemed to be insurance companies and shall not be subject to the provisions of the insurance laws and regulations contained in Title XX of the Iowa Code except as otherwise provided in this chapter or by statute. Associations are not subject to the premium tax under Iowa Code section 4321..

(2) The purpose of this chapter is to provide reasonable conditions and restrictions for the approval of self-insurance for workers' compensation liability for associations of employers that have formed an insurance association under Iowa Code section 874..

(3) The authority to promulgate these rules is found in Iowa Code section 5058..

(4) Certificates of relief from insurance shall not exempt a mutual association from Iowa Code chapters 85, 85A, 85B, 86 and 87.

Iowa Admin. Code r. 191-56.1