Text: SSB01173 Text: SSB01175 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 509A.15, Code 1999, is amended by 1 2 adding the following new subsection: 1 3 NEW SUBSECTION. 4. A school corporation maintaining a 1 4 self-insured accident and health insurance plan, with yearly 1 5 claims which do not exceed one percent of the school 1 6 corporation's general fund budget, shall be exempt from the 1 7 following requirements with respect to that plan: 1 8 a. Maintaining aggregate excess loss coverage required by 1 9 rules relating to the adequacy of reserves adopted pursuant to 1 10 subsection 1, paragraph "b". 1 11 b. Contracting with a third-party administrator pursuant 1 12 to subsection 1, paragraph "d". 1 13 The yearly claim amount shall be determined annually on the 1 14 policy renewal date, or an alternative date established by 1 15 rule, by a plan administrator or school corporation employee 1 16 to be designated by the plan administrator. The exemption 1 17 shall not apply for a year in which yearly claims are 1 18 determined to exceed one percent of the school corporation's 1 19 general fund budget. 1 20 EXPLANATION 1 21 This bill provides an exemption from certain plan 1 22 requirements relating to self-insured accident and health 1 23 insurance plans maintained by a school corporation. The bill 1 24 provides that if a school corporation's yearly claims do not 1 25 exceed 1 percent of the school corporation's general fund 1 26 budget, the school corporation self-insured accident and 1 27 health insurance plan does not have to contract with a third- 1 28 party administrator or maintain aggregate excess loss 1 29 coverage. Both of these requirements currently apply to self- 1 30 insured insurance plans, regardless of a plan's claim 1 31 experience. The bill provides for annual determination of the 1 32 yearly claim amount, and provides that the exemption will not 1 33 apply for a year in which the level of claims is determined to 1 34 exceed 1 percent of the school corporation's general fund 1 35 budget. 2 1 LSB 1375XC 78 2 2 rn/sc/14
Text: SSB01173 Text: SSB01175 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 4 03:33:19 CST 1999
URL: /DOCS/GA/78GA/Legislation/SSB/01100/SSB01174/990303.html
jhf