Iowa § 508D.2 Purpose

Iowa Statutes

§ 508D.2 — Purpose

Iowa § 508D.2

Title XIIICOMMERCE

Ch. 508DMULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY

This text of Iowa § 508D.2 (Purpose) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 508D.2 (2026).

Text

The purpose of this chapter is to authorize the formation of an entity by one or more
state life and health insurance guaranty associations for the purpose of administering and
disposing of the business of impaired or insolvent insurance companies assumed by or
assigned to the entity by its member guaranty associations, or by impaired or insolvent
insurers through the impaired or insolvent insurer’s duly appointed receiver, liquidator, or
rehabilitator, and to establish the conditions under which such an entity shall do business.

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The purpose of this chapter is to authorize the formation of an entity by one or more
state life and health insurance guaranty associations for the purpose of administering and
disposing of the business of impaired or insolvent insurance companies assumed by or
assigned to the entity by its member guaranty associations, or by impaired or insolvent
insurers through the impaired or insolvent insurer’s duly appointed receiver, liquidator, or
rehabilitator, and to establish the conditions under which such an entity shall do business.