Iowa Admin. Code r. 191-58.4

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 191-58.4 - Third-party administrator duties

(1) A third-party administrator registered or applying for a certificate of registration or renewal under Iowa Code section 51021. and this chapter shall:

a. Make available for inspection on request by the commissioner copies of all contracts with insurers or other persons utilizing the services of the third-party administrator.

b. As often as reasonably required by the commissioner, produce its accounts, records and files for examination and make its officers available to give information with respect to its affairs.

c. Immediately notify the commissioner of any material change in its ownership, control, or other fact or circumstance affecting its qualification for a certificate of registration in this state.

d. Notify the commissioner in writing of any change in the information required to be filed under these rules including, but not limited to, a change of address or name, not later than 30 days after the change.

(2) The commissioner may terminate a third-party administrator's certificate of registration, following notice and an opportunity for a hearing, for failure to comply with this rule.

Iowa Admin. Code r. 191-58.4

ARC 8310B, lAB 11/18/09, effective 12/23/09