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House Journal: Page 797: Tuesday, March 25, 1997

18     Sec. ___.  Section 513B.6, subsection 2, Code 1997,
19   is amended to read as follows:
20     2.  The provisions concerning the small employer
21   carrier's or organized delivery system's right to
22   change premium rates and factors, including case
23   characteristics, which affect changes in premium
24   rates.
25     Sec. ___.  Section 513B.7, Code 1997, is amended to
26   read as follows:
27     513B.7  MAINTENANCE OF RECORDS.
28     1.  A small employer carrier or organized delivery
29   system shall maintain at its principal place of
30   business a complete and detailed description of its
31   rating practices and renewal underwriting practices,
32   including information and documentation which
33   demonstrate that its rating methods and practices are
34   based upon commonly accepted actuarial assumptions and
35   are in accordance with sound actuarial principles.
36     2.  A small employer carrier or organized delivery
37   system shall file each March 1 with the commissioner
38   or director an actuarial certification that the small
39   employer carrier or organized delivery system is in
40   compliance with this section and that the rating
41   methods of the small employer carrier or organized
42   delivery system are actuarially sound.  A copy of the
43   certification shall be retained by the small employer
44   carrier or organized delivery system at its principal
45   place of business.
46     3.  A small employer carrier or organized delivery
47   system shall make the information and documentation
48   described in subsection 1 available to the
49   commissioner or organized delivery system upon
50   request.  The information is not a public record or

Page 6

 1   otherwise subject to disclosure under chapter 22, and
 2   is considered proprietary and trade secret information
 3   and is not subject to disclosure by the commissioner
 4   or director to persons outside of the division or
 5   department except as agreed to by the small employer
 6   carrier or organized delivery system or as ordered by
 7   a court of competent jurisdiction."
 8     9.  Page 7, by striking lines 21 and 22 and
 9   inserting the following:
10     "A carrier or organized delivery system offering
11   group health insurance coverage".
12     10.  Page 7, line 25, by striking the word "plan"
13   and inserting the following:  "coverage".
14     11.  Page 8, by striking line 3, and inserting the
15   following:
16     "2.  Subsection 1 does not require".
17     12.  Page 8, line 5, by striking the words "plan

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/77GA/Session.1/HJournal/00700/00797.html
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