reglab/housing_qa huggingface dataset:
IA Code § 521E.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.6 - Mandatory-control-level event.

521E.6 Mandatory-control-level event.   1. “Mandatory-control-level event” means any of the following events:   a. The filing of a risk-based capital report which indicates that an insurer’s total adjusted capital is less than its mandatory-control-level risk-based capital.   b. Notification by the commissioner to an insurer of an adjusted risk-based capital report that indicates the event in paragraph “a”, provided the insurer does not challenge the adjusted risk-based capital report and request a hearing pursuant to section 521E.7.   c. After a hearing pursuant to section 521E.7, notification by the commissioner to the insurer that the commissioner has rejected the insurer’s challenge of the adjusted risk-based capital report indicating the event in paragraph “a”.   2. In the event of a mandatory-control-level event the commissioner shall do the following:   a. With respect to a life insurer, take action as necessary to place the insurer under supervision or other regulatory control under chapter 507C. If the commissioner takes action pursuant to this paragraph, the mandatory-control-level event is deemed sufficient grounds for the commissioner to take action pursuant to chapter 507C, and the commissioner shall have the rights, powers, and duties with respect to the insurer as set forth in chapter 507C. If the commissioner takes action pursuant to an adjusted risk-based capital report, the insurer is entitled to the protections of chapter 17A pertaining to summary proceedings. Notwithstanding the provisions of this paragraph, the commissioner may forego any action pursuant to this paragraph for up to ninety days after the mandatory-control-level event if the commissioner finds a reasonable expectation exists that the mandatory-control-level event may be eliminated within the ninety-day period.   b. With respect to a property and casualty insurer, take action as necessary to place the insurer under supervision or other regulatory control under chapter 507C, or, in the case of an insurer which is no longer writing business and which is running off its existing business, the commissioner may allow the insurer to continue its run-off under the supervision of the commissioner. In either event, the mandatory-control-level event is deemed sufficient grounds for the commissioner to take action under chapter 507C and the commissioner shall have the rights, powers, and duties with respect to the insurer as set forth in chapter 507C. If the commissioner takes action pursuant to an adjusted risk-based capital report, the insurer is entitled to the protections of chapter 17A pertaining to summary proceedings. Notwithstanding the provisions of this paragraph, the commissioner may forego action for up to ninety days after the mandatory-control-level event if the commissioner finds a reasonable expectation exists that the mandatory-control-level event may be eliminated within the ninety-day period.  96 Acts, ch 1046, §14
IA Code § 521E.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.7 - Confidential hearings.

521E.7 Confidential hearings.   1. An insurer shall notify the commissioner of the insurer’s request for a confidential hearing within five days after the occurrence of any of the following:   a. Notification to an insurer by the commissioner of an adjusted risk-based capital report.   b. Notification to an insurer by the commissioner of both of the following:   (1) The insurer’s risk-based capital plan or revised risk-based capital plan is unsatisfactory.   (2) That the notification pursuant to this paragraph constitutes a regulatory-action-level event with respect to the insurer.   c. Notification to an insurer by the commissioner that the insurer has failed to adhere to its risk-based capital plan or revised risk-based capital plan and that the failure has a substantial adverse effect on the ability of the insurer to eliminate the company-action-level event in accordance with its risk-based capital plan or revised risk-based capital plan.   d. Notification to an insurer by the commissioner of a corrective order with respect to the insurer.   2. An insurer receiving a notification pursuant to subsection 1 is entitled to a confidential hearing before the insurance division, at which the insurer may challenge a determination or action by the commissioner. Upon receipt of the insurer’s request for a hearing, the commissioner shall set a date for the hearing, which shall be not less than ten or more than thirty days after the date of the insurer’s request.  96 Acts, ch 1046, §15  Referred to in §521E.3, 521E.4, 521E.5, 521E.6
IA Code § 521E.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.9 - Supplemental provisions — rules — exemption.

521E.9 Supplemental provisions — rules — exemption.   1. The provisions of this chapter are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws, including, but not limited to, chapter 507C.   2. The commissioner may adopt rules pursuant to chapter 17A necessary for the administration of this chapter.   3. The commissioner may exempt from the application of this chapter any domestic property and casualty insurer which satisfies all of the following:   a. Writes direct business only in this state.   b. Writes direct annual premiums of one million dollars or less.   c. Does not assume reinsurance in excess of five percent of direct premiums written.  96 Acts, ch 1046, §17
IA Code § 521E.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.10 - Foreign insurers.

521E.10 Foreign insurers.   1. a. A foreign insurer, upon the written request of the commissioner, shall submit to the commissioner a risk-based capital report as of the end of the calendar year just ended by the later of the following:   (1) The filing date.   (2) Fifteen days after the request is received by the foreign insurer.   b. A foreign insurer, upon the written request of the commissioner, shall promptly submit to the commissioner a copy of any risk-based capital plan that is filed with the insurance commissioner of any other state.   2. In the event of a company-action-level event, regulatory-action-level event, or authorized-control-level event with respect to a foreign insurer as determined under the risk-based capital statute applicable in the state of domicile of the insurer, or, if no risk-based capital statute is in force in that state, under the provisions of this chapter, and if the insurance commissioner of the state of domicile of the foreign insurer fails to require the foreign insurer to file a risk-based capital plan in the manner specified under that state’s risk-based capital statute, or, if no risk-based capital statute is in force in that state, pursuant to section 521E.2, the commissioner may require the foreign insurer to file a risk-based capital plan with the commissioner. The failure of the foreign insurer to file a risk-based capital plan with the commissioner shall be sufficient grounds for the commissioner to order the insurer to cease and desist from writing new insurance business in this state.   3. In the event of a mandatory-control-level event with respect to a foreign insurer, if a domiciliary receiver has not been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer, the commissioner may make application to the district court as permitted under chapter 507C with respect to the liquidation of property of foreign insurers found in this state, and the occurrence of the mandatory-control-level event shall be considered adequate grounds for the application.  96 Acts, ch 1046, §18; 2012 Acts, ch 1023, §157
IA Code § 521E.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.11 - Immunity.

521E.11 Immunity.   No liability shall arise on the part of, and no cause of action shall arise against, the commissioner or the insurance division or its employees or agents for an action taken in the exercise of powers or performance of duties under this chapter.  96 Acts, ch 1046, §19
IA Code § 521E.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521E - RISK-BASED CAPITAL REQUIREMENTS FOR INSURERS|Section 521E.12 - Effect of notices.

521E.12 Effect of notices.   Notice by the commissioner to an insurer which may result in regulatory action under this chapter is effective upon being sent if transmitted by certified mail, or in the case of any other transmission is effective upon the insurer’s receipt of the notice.  96 Acts, ch 1046, §20
IA Code § 521F.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.1 - Purpose.

521F.1 Purpose.   The purpose of this chapter is to establish minimum capital requirements for health organizations that will provide protection related to the risks to which an individual health organization may be subject including, but not limited to, the health organization’s assets risk, underwriting risk, credit risk, and other business risk.  2000 Acts, ch 1050, §1
IA Code § 521F.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.3 - Risk-based capital reports.

521F.3 Risk-based capital reports.   1. A domestic health organization, on or prior to the filing date, shall prepare and submit to the commissioner a report of the health organization’s risk-based capital levels as of the end of the calendar year immediately preceding the filing date, in a form and containing the information required by the risk-based capital instructions. A domestic health organization shall also file its risk-based capital report with the insurance commissioner in each state in which the health organization is authorized to do business, if such insurance commissioner has notified the health organization of its request in writing. Upon receipt of the written request, the health organization shall file its risk-based capital report with the requesting commissioner by no later than the later of the following:   a. Fifteen days from the receipt of the written request.   b. The filing date.   2. a. A health organization’s risk-based capital shall be determined pursuant to the formula set forth in the risk-based capital instructions. The formula shall take into account all of the following, and may be adjusted, as deemed appropriate by the commissioner, for the covariance between the following:   (1) Assets risk.   (2) Credit risk.   (3) Underwriting risk.   (4) All other business risks and other relevant risks as identified in the risk-based capital instructions.   b. The risk factors shall be applied in the manner set forth in the risk-based capital instructions.   3. A health organization shall seek to maintain capital above the risk-based capital levels required by this chapter.   4. A risk-based capital report filed by a domestic health organization which in the judgment of the commissioner is inaccurate shall be adjusted by the commissioner to correct the inaccuracy. The commissioner shall notify the health organization of the adjustment. The notice shall contain a statement of the reason for the adjustment.  2000 Acts, ch 1050, §3; 2000 Acts, ch 1232, §79  Referred to in §521F.2
IA Code § 521F.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.6 - Authorized-control-level event.

521F.6 Authorized-control-level event.   1. “Authorized-control-level event” means any of the following:   a. The filing of a risk-based capital report by the health organization which indicates that the health organization’s total adjusted capital is greater than or equal to its mandatory-control-level risk-based capital but less than its authorized-control-level risk-based capital.   b. Notification by the commissioner to a health organization of an adjusted risk-based capital report that indicates the event in paragraph “a”, provided the health organization does not challenge the adjusted risk-based capital report and request a hearing pursuant to section 521F.8.   c. After a hearing pursuant to section 521F.8, notification by the commissioner to the health organization that the commissioner has rejected the health organization’s challenge of the adjusted risk-based capital report indicating the event in paragraph “a”.   d. Failure of the health organization to respond to a corrective order in a manner satisfactory to the commissioner, unless the health organization has challenged the corrective order pursuant to section 521F.8.   e. Failure of the health organization to respond to a corrective order in a manner satisfactory to the commissioner after the health organization has challenged the corrective order pursuant to section 521F.8, and the commissioner, after a hearing pursuant to section 521F.8, has rejected the challenge or modified the corrective order.   2. In the event of an authorized-control-level event, the commissioner shall do either of the following:   a. Take action as required pursuant to section 521F.5 in the same manner as if a regulatory-action-level event has occurred.   b. Take action as necessary to cause the health organization to be placed under supervision or other regulatory control under chapter 507C, if the commissioner deems such action to be in the best interests of the policyholders and creditors of the health organization and of the public. If the commissioner takes such action pursuant to this paragraph, the authorized-control-level event is deemed sufficient grounds for the commissioner to take action pursuant to chapter 507C and the commissioner has the rights, powers, and duties with respect to the health organization as set forth in chapter 507C. If the commissioner takes action under this paragraph pursuant to an adjusted risk-based capital report, the health organization is entitled to the protections of chapter 17A pertaining to summary proceedings.  2000 Acts, ch 1050, §6
IA Code § 521F.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.7 - Mandatory-control-level event.

521F.7 Mandatory-control-level event.   1. “Mandatory-control-level event” means any of the following:   a. The filing of a risk-based capital report which indicates that a health organization’s total adjusted capital is less than its mandatory-control-level risk-based capital.   b. Notification by the commissioner to a health organization of an adjusted risk-based capital report that indicates the event in paragraph “a”, provided the health organization does not challenge the adjusted risk-based capital report and request a hearing pursuant to section 521F.8.   c. After a hearing pursuant to section 521F.8, notification by the commissioner to the health organization that the commissioner has rejected the health organization’s challenge of the adjusted risk-based capital report indicating the event in paragraph “a”.   2. In the event of a mandatory-control-level event, the commissioner shall take action as necessary to place the health organization under supervision or other regulatory control pursuant to chapter 507C. If the commissioner takes action pursuant to this subsection, the mandatory-control-level event is deemed sufficient grounds for the commissioner to take action pursuant to chapter 507C, and the commissioner has the rights, powers, and duties with respect to the health organization as are set forth in chapter 507C. If the commissioner takes action pursuant to an adjusted risk-based capital report, the health organization is entitled to the protections of chapter 17A pertaining to summary proceedings. Notwithstanding this subsection, the commissioner may forego action for up to ninety days after the mandatory-control-level event if the commissioner finds a reasonable expectation exists that the mandatory-control-level event may be eliminated within the ninety-day period.  2000 Acts, ch 1050, §7
IA Code § 521F.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.8 - Confidential hearings.

521F.8 Confidential hearings.   1. A health organization receiving a notification pursuant to subsection 2 is entitled to a confidential hearing before the insurance division, at which the health organization may challenge a determination or action by the commissioner. Upon receipt of the health organization’s request for a hearing, the commissioner shall set a date for the hearing, which shall be not less than ten and not more than thirty days after the date of the health organization’s request.   2. A health organization shall notify the commissioner of the health organization’s request for a confidential hearing within five days after the occurrence of any of the following:   a. Notification to a health organization by the commissioner of an adjusted risk-based capital report.   b. Notification to a health organization by the commissioner of both of the following:   (1) That the health organization’s risk-based capital plan or revised risk-based capital plan is unsatisfactory.   (2) That the notification pursuant to this paragraph constitutes a regulatory-action-level event with respect to the health organization.   c. Notification to a health organization by the commissioner that the health organization has failed to adhere to its risk-based capital plan or revised risk-based capital plan and that the failure has a substantial adverse effect on the ability of the health organization to eliminate the company-action-level event in accordance with its risk-based capital plan or revised risk-based capital plan.   d. Notification to a health organization by the commissioner of a corrective order with respect to the health organization.  2000 Acts, ch 1050, §8; 2000 Acts, ch 1232, §81  Referred to in §521F.4, 521F.5, 521F.6, 521F.7
IA Code § 521F.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.10 - Supplemental provisions — rules — exemption.

521F.10 Supplemental provisions — rules — exemption.   1. This chapter shall not preclude or limit any other powers or duties of the commissioner under insurance laws including but not limited to chapter 507C.   2. The commissioner may adopt rules pursuant to chapter 17A as are necessary for the administration of this chapter.   3. The commissioner may exempt from filing a risk-based capital report a domestic health organization which writes direct business only in this state and satisfies any of the following:   a. Writes direct annual premiums of one hundred thousand dollars or less, and does not assume reinsurance in excess of five percent of direct annual premiums written.   b. Is authorized to do business pursuant to chapter 514 and writes direct annual premiums of one hundred thousand dollars or less.   c. Is a limited health service organization that covers fewer than five hundred lives.  2000 Acts, ch 1050, §10
IA Code § 521F.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.11 - Foreign health organizations.

521F.11 Foreign health organizations.   1. A foreign health organization, upon the written request of the commissioner, shall submit to the commissioner a risk-based capital report for the previous calendar year just ended by the later of the following:   a. The filing date.   b. Fifteen days after the request is received by the foreign health organization.   2. A foreign health organization, upon the written request of the commissioner, shall promptly submit to the commissioner a copy of any risk-based capital plan that is filed with the insurance commissioner of any other state.   3. The commissioner may require a foreign health organization to file a risk-based capital plan under either of the following circumstances:   a. In the event of a company-action-level event, regulatory-action-level event, or authorized-control-level event as determined under the risk-based capital statute applicable in the state of domicile of the foreign health organization, or, if no risk-based capital statute is in force in that state, under this chapter.   b. The insurance commissioner of the state of domicile of the foreign health organization fails to require the foreign health organization to file a risk-based capital plan in the manner specified under that state’s risk-based capital statute, or, if no risk-based capital statute is in force in that state, pursuant to this chapter.   4. The failure of the foreign health organization to file a risk-based capital plan is sufficient grounds to order the health organization to cease and desist from writing new insurance business in this state.   5. In the event of a mandatory-control-level event with respect to a foreign health organization, if a domiciliary receiver has not been appointed with respect to the foreign health organization under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign health organization, the commissioner may make application to the district court as permitted under chapter 507C with respect to the liquidation of property of foreign health organizations found in this state, and the occurrence of the mandatory-control-level event shall be considered adequate grounds for the application.  2000 Acts, ch 1050, §11
IA Code § 521F.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.12 - Immunity.

521F.12 Immunity.   Liability shall not arise on the part of and a cause of action shall not arise against the commissioner or the insurance division or its employees or agents for an action taken in the exercise of powers or performance of duties under this chapter.  2000 Acts, ch 1050, §12
IA Code § 521F.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521F - RISK-BASED CAPITAL REQUIREMENTS FOR HEALTH ORGANIZATIONS|Section 521F.13 - Notices.

521F.13 Notices.   Notice by the commissioner to a health organization which may result in regulatory action under this chapter is effective upon being sent if transmitted by certified mail, or, in the case of any other transmission, is effective upon the health organization’s receipt of the notice.  2000 Acts, ch 1050, §13
IA Code § 521G.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521G - PROTECTED CELL COMPANIES|Section 521G.1 - Short title.

521G.1 Short title.   This chapter shall be known and may be cited as the “Protected Cell Company Act”.  2000 Acts, ch 1046, §1
IA Code § 521G.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521G - PROTECTED CELL COMPANIES|Section 521G.2 - Purpose.

521G.2 Purpose.   The purpose of this chapter is to authorize the establishment of protected cells by a domestic insurer authorized to transact the business of insurance under chapter 508 or 515, as a means of accessing alternative sources of capital and achieving the benefits of insurance securitization. Investors in fully funded insurance securitization transactions provide funds that are available to pay the insurer’s insurance obligations or to repay the investors, or both. Protected cells are intended to achieve more efficiencies with respect to such insurance securitization.  2000 Acts, ch 1046, §2