reglab/housing_qa huggingface dataset:
IA Code § 508C.8A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.8A - Principal place of business — determination.

508C.8A Principal place of business — determination.   1. The principal place of business of a plan sponsor or a person other than a natural person shall be determined by the association in its reasonable judgment by considering all of the following factors:   a. The state in which the primary executive and administrative headquarters of the entity is located.   b. The state in which the principal office of the chief executive officer of the entity is located.   c. The state in which the board of directors or similar governing person or persons of the entity conducts the majority of its meetings.   d. The state in which the executive or management committee of the board of directors or similar governing person or persons of the entity conducts the majority of its meetings.   e. The state from which the management of the overall operations of the entity is directed.   2. In the case of a benefit plan sponsored by affiliated companies comprising a consolidated corporation, the principal place of business of the entity shall be deemed to be the state in which the holding company or controlling affiliate has its principal place of business as determined by the association using the factors enumerated in subsection 1. However, if more than fifty percent of the participants in the benefit plan are employed in a single state, that state shall be determined to be the principal place of business of the entity.   3. In the case of a benefit plan established or maintained by two or more employers, or jointly by one or more employers and one or more employee organizations, the principal place of business of the entity shall be deemed to be the principal place of business of the association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the benefit plan. In lieu of a specific or clear designation of the principal place of business of the entity under this subsection, the principal place of business of the entity shall be deemed to be the principal place of business of the employer or employee organization that has the largest investment in the benefit plan in question.  2011 Acts, ch 70, §12  Referred to in §508C.5
IA Code § 508C.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.10 - Plan of operation.

508C.10 Plan of operation.   1. a. The association shall submit to the commissioner a plan of operation and any amendments to the plan of operation necessary or suitable to assure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendments to the plan are effective upon the commissioner’s written approval.   b. If the association fails to submit a suitable plan of operation or if at any time the association fails to submit suitable amendments to the plan, the commissioner shall, after notice and hearing, adopt rules pursuant to chapter 17A as necessary or advisable to effectuate this chapter. The 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. All member insurers shall comply with the plan of operation.   3. In addition to other requirements established in this chapter the plan of operation shall establish all of the following:   a. Procedures for handling the assets of the association.   b. The amount and method of reimbursing members of the board of directors under section 508C.7.   c. Regular places and times for meetings of the board of directors.   d. Procedures for records to be kept of all financial transactions of the association, its agents, and the board of directors.   e. Procedures for selecting the board of directors and submitting the selections to the commissioner.   f. Any additional procedures for assessments under section 508C.9.   g. Additional provisions necessary or proper for the execution of the powers and duties of the association.   4. The plan of operation may provide that any powers and duties of the association, except those under section 508C.8, subsection 9, paragraph “c”, and section 508C.9 are delegated to a corporation, association, or other organization which performs or will perform functions similar to those of this association, or its equivalent, in two or more states. Such a corporation, association, or organization shall be reimbursed for any payments made on behalf of the association and shall be paid for its performance of any function of the association. A delegation under this subsection shall take effect only with the approval of both the board of directors and the commissioner. The delegation shall be made only to a corporation, association, or organization which extends protection at least as favorable and effective as that provided by this chapter.  87 Acts, ch 223, §10; 2019 Acts, ch 12, §23, 35, 36  Referred to in §508C.6, 508C.9  2019 amendment to subsection 1, paragraph b, applies beginning March 29, 2019; 2019 Acts, ch 12, §35, 36
IA Code § 508C.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.11 - Duties and powers of commissioner.

508C.11 Duties and powers of commissioner.   1. The commissioner shall:   a. Upon request of the board of directors, provide the association with a statement of the premiums for each member insurer.   b. When an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time. Notice to the impaired insurer constitutes notice to its shareholders, if any. The failure of the impaired insurer to promptly comply with the demand shall not excuse the association from the performance of its powers and duties under this chapter.   2. After notice and hearing, the commissioner may suspend or revoke the certificate of authority to transact business in this state of a member insurer which fails to pay an assessment when due, or fails to comply with the plan of operation. As an alternative, the commissioner may levy an administrative penalty on any member insurer which fails to pay an assessment when due. The administrative penalty shall not exceed five percent of the unpaid assessment per month. However, an administrative penalty shall not be less than one hundred dollars per month.   3. A final action of the board of directors or the association may be appealed to the commissioner by a member insurer if the appeal is taken within sixty days of the member insurer’s receipt of notice of the final action being appealed. A final action or order of the commissioner is subject to judicial review pursuant to chapter 17A in a court of competent jurisdiction.   4. The liquidator, rehabilitator, or conservator of an impaired insurer may notify all interested persons of the effect of this chapter.  87 Acts, ch 223, §11; 88 Acts, ch 1112, §203; 2011 Acts, ch 70, §15, 16; 2019 Acts, ch 12, §24, 35, 36  2019 amendment applies beginning March 29, 2019; 2019 Acts, ch 12, §35, 36
IA Code § 508C.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.14 - Examination of association — annual report.

508C.14 Examination of association — annual report.   The association is subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner by May 1 of each year, a financial report for the preceding calendar year and a report of its activities during the preceding calendar year. The financial report shall be in a form approved by the commissioner.  87 Acts, ch 223, §14  Referred to in §508C.13
IA Code § 508C.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.15 - Tax exemptions.

508C.15 Tax exemptions.   The association is exempt from payment of all fees and all taxes levied by this state or any of its subdivisions except taxes levied on the association’s real property.  87 Acts, ch 223, §15
IA Code § 508C.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.16 - Immunity — indemnification.

508C.16 Immunity — indemnification.   1. A member insurer and its agents and employees, the association and its agents and employees, members of the board of directors, and the commissioner and the commissioner’s representatives are not liable for any action taken by them or omission by them while acting within the scope of their employment and in the performance of their powers and duties under this chapter and such immunity granted under this section shall extend to their participation in any organization of one or more state associations of similar purposes and to that organization and its agents and employees.   2. Sections 490.850 through 490.859 apply to the association.  87 Acts, ch 223, §16; 88 Acts, ch 1170, §9; 91 Acts, ch 97, §55; 2002 Acts, ch 1154, §111, 125; 2011 Acts, ch 70, §20
IA Code § 508C.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.17 - Stay of proceedings — reopening default judgments.

508C.17 Stay of proceedings — reopening default judgments.   Proceedings in which the insolvent insurer is a party in a court in this state shall be stayed one hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on matters germane to its powers or duties. The association may apply to have a judgment under a decision, order, verdict, or finding based on default, set aside by the same court that entered the judgment, and shall be permitted to defend against the suit on the merits.  87 Acts, ch 223, §17; 2011 Acts, ch 70, §21
IA Code § 508C.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.18 - Prohibited advertisements.

508C.18 Prohibited advertisements.   A person, including a member insurer, agent, or affiliate of a member insurer, shall not make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly, to be made, published, disseminated, circulated, or placed before the public in a newspaper, magazine, or other publication, or in the form of a notice, circular, pamphlet, letter, or poster, or over a radio station or television station, or in any other way, an advertisement, announcement, or statement, written or oral, which uses the existence of the insurance guaranty association of this state for the purpose of sales, solicitation, or inducement to purchase any form of insurance or other coverage covered by this chapter. However, this section does not apply to the association or any other entity which does not sell or solicit insurance or coverage by a health maintenance organization.  87 Acts, ch 223, §18; 2011 Acts, ch 70, §22; 2019 Acts, ch 12, §30, 35, 36  2019 amendment applies beginning March 29, 2019; 2019 Acts, ch 12, §35, 36
IA Code § 508C.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION|Section 508C.19 - Credits for assessments paid.

508C.19 Credits for assessments paid.   1. An insurer may offset an assessment made pursuant to section 508C.9 against its premium tax liability pursuant to chapter 432 to the extent of twenty percent of the amount of the assessment for each of the five calendar years following the year in which the assessment was paid. If an insurer ceases doing business, all uncredited assessments may be credited against its premium tax liability for the year it ceases doing business.   2. Sums acquired by refund from the association which have been written off by contributing insurers and offset against premium taxes as provided in subsection 1 and are not then needed for purposes of this chapter shall be paid by the association to the commissioner. The commissioner shall remit the moneys to the treasurer of state to deposit in the state general fund.  87 Acts, ch 223, §19
IA Code § 508D.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.1 - Title.

508D.1 Title.   This chapter shall be cited as the “Multistate Life and Health Insurance Resolution Facility Act”.  94 Acts, ch 1011, §1
IA Code § 508D.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.2 - Purpose.

508D.2 Purpose.   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.  94 Acts, ch 1011, §2  Referred to in §508D.3, 508D.4
IA Code § 508D.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.3 - Definitions.

508D.3 Definitions.   As used in this chapter, unless the context otherwise requires:   1. “Facility” means the multistate life and health insurance resolution facility created pursuant to section 508D.4 as a legal entity domiciled in Iowa with its principal place of business and other business offices either within or without the state of Iowa as the board of directors may designate or as the business of the entity may require and established for the purpose set out in section 508D.2.   2. “Member guaranty association” means the Iowa life and health insurance guaranty association created pursuant to chapter 508C or any other state life and health insurance guaranty association which is or becomes a member of the facility pursuant to the plan of operation.   3. “Oversight organization” means the Iowa commissioner of insurance and the state insurance commissioner, or other state official charged with the responsibility of regulating the insurance industry in the same or similar manner as the Iowa commissioner of insurance, from the state of domicile of each member guaranty association.  94 Acts, ch 1011, §3
IA Code § 508D.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.4 - Facility established.

508D.4 Facility established.   The facility may be created by one or more life and health insurance guaranty associations for the purpose set out in section 508D.2. The name of the facility shall be the multistate life and health insurance resolution facility. A life and health insurance guaranty association or other entity as approved by the board may elect to become a member of the association. The facility shall perform its functions under a plan of operation established and approved under section 508D.7 and shall exercise its powers through a board of directors established under section 508D.5. Only one facility shall be established pursuant to this chapter.  94 Acts, ch 1011, §4  Referred to in §508D.3
IA Code § 508D.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.5 - Board of directors.

508D.5 Board of directors.   1. The members of the board of directors shall be selected by the member guaranty associations. The number of members of the board and their terms shall be established in the plan of operation. Vacancies on the board shall be filled for the remaining period of the term by a majority vote of the remaining board members. In determining voting rights, each member guaranty association shall be entitled to one vote in person or by proxy.   2. The initial board of directors of the facility shall be established by the Iowa life and health insurance guaranty association and shall consist of not less than five nor more than nine members. The initial board of directors shall adopt a plan of operation for the facility as provided in section 508D.7.   3. Members of the board of directors are entitled to reasonable compensation for expenses incurred in attending meetings of the board or while on business conducted on behalf of the facility. Members of the board may also be compensated by the facility for their services provided as members of the board as provided in the plan of operation.  94 Acts, ch 1011, §5  Referred to in §508D.4
IA Code § 508D.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.6 - Powers and duties of the facility.

508D.6 Powers and duties of the facility.   1. The facility shall perform those duties of the member guaranty associations which are delegated to the facility as permitted under the enabling legislation of each member guaranty association and which are consistent with the plan of operation.   2. Except as otherwise provided in this chapter, the facility is granted specific authority to exercise the powers of a domestic life or health insurer.   3. The facility is not authorized to solicit, advertise, market, sell, underwrite, issue, insure, administer, or reinsure new insurance business or insurance business of insurance companies which are not impaired or insolvent according to the laws of their state of domicile.   4. The board of directors of the facility may enter into agreements with any interstate compact organization established for the purpose of administering impaired or insolvent insurance companies in this or any other state.   5. An activity involving the authority of the facility derived from chapter 507C or other law related to insurer supervision, rehabilitation, and liquidation shall be performed in compliance with the requirements of such law.   6. The facility established under this chapter is not subject to any insurance licensing requirements and an employee of the facility is not subject to any insurance licensing requirements for activities performed within the employee’s scope of duties. All regulatory oversight of the facility shall be conducted by the oversight organization.  94 Acts, ch 1011, §6  Referred to in §508D.9
IA Code § 508D.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.7 - Plan of operation.

508D.7 Plan of operation.   1. The facility shall submit to the oversight organization a plan of operation and any amendments to the plan of operation necessary or suitable to assure the fair, reasonable, and equitable administration of the facility’s business. The plan of operation and any amendments to the plan are effective upon the oversight organization’s written approval.   2. The plan of operation, in addition to other requirements established in this chapter, shall establish all of the following:   a. Procedures for administering the assets under the control of the facility.   b. Regular places and times for meetings of the board of directors.   c. Procedures for records to be kept of all financial transactions engaged in by the facility, the agents of the facility, and the board of directors.   d. Procedures for selecting the board of directors and submitting the selections to the oversight organization.   e. Procedures for permitting life and health insurance guaranty associations to become members of the facility.   f. Procedures for the assumption of the insurance business or the assignment of the insurance business to the facility by member guaranty associations.   g. Procedures for determining and making assessments against member guaranty associations by the board of directors.   h. Additional provisions necessary and proper for the execution of the powers and duties of the facility.   i. A description of staffing requirements and qualifications for positions within the facility.   3. The plan of operation may provide that any powers and duties of the facility, except the power to borrow money and the power to make assessments, may be delegated to a corporation, association, or other organization or individual which performs or will perform those functions. Such corporation, association, or other organization or individual shall be reimbursed for any payments made on behalf of the facility and shall be compensated for the performance of any permissible function, as directed by the facility. A delegation of any power or duty pursuant to this subsection takes effect only with the approval of the board of directors.  94 Acts, ch 1011, §7  Referred to in §508D.4, 508D.5
IA Code § 508D.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY|Section 508D.8 - Costs and assessments.

508D.8 Costs and assessments.   1. Costs of administration shall be recorded separately for each impaired or insolvent company and those costs shall be reimbursed from the assets of such company.   2. The board of directors of the facility shall assess the member guaranty associations at the time and for the amounts the board finds necessary to reimburse the facility for any additional costs not reimbursed from assets managed by the facility. Assessments made pursuant to this subsection shall be allocated among member guaranty associations pursuant to a formula adopted by the board and consistent with each individual guaranty association’s liability for the facility’s insurance business which is the subject of the assessment. An assessment is due not less than ninety days after prior written notice has been sent to the member guaranty association and accrues interest at ten percent per annum commencing on the due date.   3. The total of all assessments upon a member guaranty association shall not exceed in any one calendar year the limit set by the enabling legislation of the member guaranty association’s state of domicile for assessments against insurance companies. If a maximum assessment in any one year does not provide an amount sufficient to carry out the responsibilities of the facility, the necessary additional funds shall be assessed in succeeding years as soon as permitted by this chapter and by the enabling legislation of the member guaranty association’s state of domicile.   4. Notwithstanding subsection 3, the Iowa life and health insurance guaranty association shall levy additional assessments not to exceed one hundred dollars per company per year if necessary to fund organizational expenses of the facility.  94 Acts, ch 1011, §8