§ 515A.17 — Penalties

Iowa § 515A.17

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 515A: WORKERS’ COMPENSATION LIABILITY INSURANCE RATES

Text

1. The commissioner may, if the commissioner finds that any person or organization
has violated any provision of this chapter, impose a penalty of not more than one thousand
dollars for each such violation, but if the commissioner finds such violation to be willful the
commissioner may impose a penalty of not more than five thousand dollars for each such
violation. Such penalties may be in addition to any other penalty provided by law. A penalty
collected under this subsection shall be deposited as provided in section 505.7.
2. The commissioner may suspend the license of any rating organization or insurer which
failstocomplywithanorderofthecommissionerwithinthetimelimitedbysuchorder,orany
extension thereof which the commissioner may grant. The commissioner shall not suspend
the license of any rating organization or insurer for failure to comply with an order until the
timeprescribedforanappealtherefromhasexpiredorifanappealhasbeentaken, untilsuch
order has been affirmed. The commissioner may determine when a suspension of license
shall become effective and it shall remain in effect for the period fixed by the commissioner,
unless the commissioner modifies or rescinds such suspension, or until the order upon which
such suspension is based is modified, rescinded, or reversed.
3. A penalty shall not be imposed and a license shall not be suspended or revoked except
upon a written order of the commissioner, stating the commissioner’s findings, made after
a hearing held upon not less than ten days’ written notice to such person or organization
specifying the alleged violation.

Legislative History

[C50, 54, 58, 62, §515A.17, 515B.16; C66, 71, 73, 75, 77, 79, 81, §515A.17]