Text: SF02250 Text: SF02252 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 509.17, subsection 3, Code 2001, is
1 2 amended to read as follows:
1 3 3. The commissioner shall, after a public hearing, approve
1 4 a reasonable charge or premium for credit accident and health
1 5 insurance and for credit life insurance as the commissioner
1 6 deems appropriate and necessary for the implementation of this
1 7 section. The commissioner shall not approve rates that are
1 8 expected to produce a loss ratio of less than fifty percent.
1 9 EXPLANATION
1 10 This bill amends Code section 509.17 regarding the
1 11 guidelines for rates for credit life insurance and credit
1 12 accident and health insurance. The bill provides that the
1 13 rates approved by the commissioner of insurance following a
1 14 public hearing shall not be at a level expected to produce a
1 15 loss ratio of less than 50 percent.
1 16 LSB 5303SV 79
1 17 jj/cf/24
Text: SF02250 Text: SF02252 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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