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House Journal: Page 800: Tuesday, March 25, 1997

18   reinsured with the program, the premium charged to the
19   small employer for any rating period for the coverage
20   issued shall meet the requirements relating to premium
21   rates set forth in section 513B.4.
22     Sec. ___.  Section 513B.13, subsection 11,
23   paragraph b, subparagraphs (1), (2), and (3), Code
24   1997, are amended to read as follows:
25     (1)  The board shall establish, as part of the plan
26   of operation, a formula by which to make assessments
27   against reinsuring carriers.  The assessment formula
28   shall be based on both of the following:
29     (a)  Each reinsuring carrier's share of the total
30   premiums earned in the preceding calendar year from
31   health benefit plans insurance coverages delivered
or
32   issued for delivery to small employers in this state
33   by reinsuring carriers.
34     (b)  Each reinsuring carrier's share of the
35   premiums earned in the preceding calendar year from
36   newly issued health benefit plans insurance
coverages
37   delivered or issued for delivery during such calendar
38   year to small employers in this state by reinsuring
39   carriers.
40     (2)  The formula established pursuant to
41   subparagraph (1) shall not result in any reinsuring
42   carrier having an assessment share that is less than
43   fifty percent nor more than one hundred fifty percent
44   of an amount which is based on the proportion of the
45   reinsuring carrier's total premiums earned in the
46   preceding calendar year from health benefit plans
47   insurance coverages delivered or issued for delivery
48   to small employers in this state by reinsuring
49   carriers to total premiums earned in the preceding
50   calendar year from health benefit plans insurance

Page 9

 1   coverages delivered or issued for delivery to small
 2   employers in this state by all reinsuring carriers.
 3     (3)  The board, with approval of the commissioner,
 4   may change the assessment formula established pursuant
 5   to subparagraph (1) from time to time as appropriate.
 6   The board may provide for the shares of the assessment
 7   base attributable to premiums from all health benefit
 8   plans insurance coverages and to premiums from newly
 9   issued health benefit plans insurance coverages to
10   vary during a transition period.
11     Sec. ___.  Section 513B.13, subsection 11,
12   paragraph c, subparagraph (3), Code 1997, is amended
13   to read as follows:
14     (3)  For any calendar year, the amount specified in
15   this subparagraph is five percent of total premiums
16   earned in the previous year from health benefit plans
17   insurance coverages delivered or issued for delivery

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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