Iowa Admin. Code r. 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.
Notes
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