Iowa § 519A.4 Plan of operation

Iowa Statutes

§ 519A.4 — Plan of operation

Iowa § 519A.4

Title XIIICOMMERCE

Ch. 519AMEDICAL MALPRACTICE INSURANCE

This text of Iowa § 519A.4 (Plan of operation) 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 § 519A.4 (2026).

Text

1.

a.The association shall submit a plan of operation to the commissioner, together with any amendments necessary or suitable to assure the fair, reasonable, and equitable administration of the association consistent with sections 519A.2, 519A.3, this section, and sections 519A.5 through 519A.13. The plan of operation and any amendments thereto shall become effective only after promulgation of the plan or amendment by the commissioner as a rule pursuant to section 17A.4, provided that the initial plan may in the discretion of the commissioner become effective immediately upon filing with the secretary of state pursuant to section 17A.5, subsection 2, paragraph “b”, subparagraph (1), subparagraph division (a).

b.If the association fails to submit a suitable plan of operation within twenty

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1. a. The association shall submit a plan of operation to the commissioner, together
with any amendments necessary or suitable to assure the fair, reasonable, and equitable
administration of the association consistent with sections 519A.2, 519A.3, this section, and
sections 519A.5 through 519A.13. The plan of operation and any amendments thereto shall
become effective only after promulgation of the plan or amendment by the commissioner as
a rule pursuant to section 17A.4, provided that the initial plan may in the discretion of the
commissioner become effective immediately upon filing with the secretary of state pursuant
to section 17A.5, subsection 2, paragraph “b”, subparagraph (1), subparagraph division (a).
b. If the association fails to submit a suitable plan of operation within twenty-five days
following July 1, 1975, or if at any time thereafter the association fails to submit suitable
amendments to the plan, the commissioner shall adopt rules necessary to effectuate sections
519A.2, 519A.3, this section, and sections 519A.5 through 519A.13. Such rules shall continue
in force until modified by the commissioner or superseded by a plan submitted by the
association and approved by the commissioner.
2. The plan of operation shall provide for economic, fair and nondiscriminatory
administration, and for the prompt and efficient provision of medical malpractice insurance.
The plan shall contain other provisions, including but not limited to preliminary assessment
of all members for initial expenses necessary to commence operations, establishment of
necessary facilities, management of the association, assessment of members to defray losses
and expenses, commission arrangements, reasonable and objective underwriting standards,
3 MEDICAL MALPRACTICE INSURANCE, §519A.5
acceptance and cession of reinsurance, appointment of servicing carriers or other servicing
arrangements, and procedures for determining amounts of insurance to be provided by the
association.
3. All member insurers shall comply with the plan of operation.