House Journal: Page 1243: Wednesday, April 5, 2000
21 Sec. 3. Section 321I.2, subsection 2, Code 1999,
22 is amended to read as follows:.
23 2. The issuer of a reimbursement insurance policy
24 shall not cancel a reimbursement insurance policy
25 unless a written notice has been received by the
26 insurance division commissioner and by each applicable
27 provider, including automobile dealers and third-party
28 administrators, which. The notice shall fix the date
29 of cancellation at a date no earlier than ten days
30 after receipt of the notice by the insurance division
31 commissioner and by the applicable provider. The
32 notice may be made in person or by mail and a post
33 office department receipt of certified or registered
34 mailing shall be deemed proof of receipt of the
35 notice.
36 Sec. 4. Section 321I.3, subsection 2, Code 1999,
37 is amended to read as follows:
38 2. In addition to any other required filings, a
39 true and correct an accurate copy of the service
40 contract and the provider's reimbursement insurance
41 policy, the consent to service of process on the
42 commissioner, and such other information as the
43 commissioner requires, shall be filed annually with
44 the commissioner no later than the first day of
45 August. If the first day of August falls on a weekend
46 or a holiday, the date for filing shall be the next
47 business day. In addition to the annual filing, the
48 provider shall promptly file copies of any amended
49 documents if material amendments have been made in the
50 materials on file with the division commissioner. If
Page 2
1 an annual filing is made after the first of August and
2 sales have occurred during the period when the
3 provider was in noncompliance with this section, the
4 division commissioner shall assess an additional
5 filing fee that is two times the amount normally
6 required for an annual filing. a fee shall not be
7 charged for interim filings made to keep the materials
8 filed with the division current and accurate. The
9 annual filing shall be accompanied by a filing fee
10 determined by the commissioner which shall be
11 sufficient to defray the costs of administering this
12 chapter.
13 Sec. 5. Section 321I.3, Code 1999, is amended by
14 adding the following new subsection:
15 NEW SUBSECTION. 3. a. a motor vehicle service
16 contract provider shall promptly file the following
17 information with the insurance commissioner:
18 (1) a change in the name or ownership of the
19 provider.
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League of Women Voters of Iowa
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