House Journal: Page 1255: Wednesday, April 5, 2000
9 hearing is not timely requested, the summary order
10 becomes final by operation of law. The order shall
11 remain effective from the date of issuance until the
12 date the order becomes final by operation of law or is
13 overturned by a presiding officer or court following a
14 request for hearing. a person who has been issued a
15 summary order under this section may contest it by
16 filing a request for a contested case proceeding as
17 provided in chapter 17a and in accordance with rules
18 adopted by the commissioner. However, the person
19 shall have at least thirty days from the date that the
20 order is issued in order to file the request. Section
21 17A.18a is inapplicable to a summary order issued
22 under this section.
23 3. a person violating a summary order issued under
24 this section shall be deemed in contempt of that
25 order. The commissioner may petition the district
26 court to enforce the order as certified by the
27 commissioner. The district court shall adjudge the
28 person in contempt of the order if the court finds
29 after hearing that the person is not in compliance
30 with the order. The court shall assess a civil
31 penalty against the person in an amount not less than
32 three thousand dollars but not greater than ten
33 thousand dollars per violation, and may issue further
34 orders as it deems appropriate.
35 DIVISION VI
36 PROBATE TRANSFER ON DEATH
37 Sec. 33. Section 633.801, subsection 6, Code 1999,
38 is amended to read as follows:
39 6. "Security" means a security as defined in
40 section 502.102. For purposes of this chapter,
41 "security" includes, but is not limited to, a
42 certificated security, an uncertificated security, and
43 a security account.
44 DIVISION VII
45 VIATICAL SETTLEMENT CONTRACTS".
46 2. Page 2, line 20, by inserting after the word
47 "who" the following: "owns a life insurance policy or
48 certificate which covers the life of an individual
49 who".
50 3. Title page, by striking lines 1 and 2 and
Page 14
1 inserting the following:
2 "An Act relating to entities and subject matter
3 under the regulatory authority of the insurance
4 division, including motor vehicle service contracts,
5 securities, business opportunities, residential
6 service contracts, retirement care contracts, transfer
7 on death probate provisions, viatical settlement
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League of Women Voters of Iowa
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