House Journal: Page 926: Thursday, March 21, 2002
3 1. Page 1, by striking lines 1 through 3, and
4 inserting the following:
5 "Section 1. Section 272C.4, unnumbered paragraph
6 2, Code Supplement 2001, is amended to read as
7 follows:
8 The commissioner of insurance shall by rule in
9 consultation with the licensing boards enumerated in
10 section 272C.1, require insurance Insurance carriers
11 which insure professional and occupational licensees
12 for acts or omissions which that constitute
13 negligence, careless acts or omissions in the practice
14 of a profession or occupation to shall file reports
15 with the commissioner of insurance appropriate
16 licensing board. The reports shall include information
17 pertaining to incidents by claims against a licensee
18 which may affect the licensee as defined by rule,
19 involving an insured of the insurer. The commissioner
20 of insurance shall forward reports pursuant to this
21 section to the appropriate licensing board."
22 2. By striking page 3, line 34 through page 4,
23 line 3 and inserting the following:
24 "Sec. . Section 508.31A, subsection 2,
25 paragraph a, Code 2001, is amended by adding the
26 following new subparagraph:
27 NEW SUBPARAGRAPH. (3) a person other than a
28 natural person that has assets".
29 3. Page 4, by inserting after line 4, the
30 following:
31 "Sec. . Section 507E.7, subsection 3, Code
32 2001, is amended by striking the subsection."
33 4. Page 5, by striking lines 7 through 13.
34 5. Page 9, line 20, by inserting after the word
35 "company" the following: "organized under this
36 chapter or".
37 6. Page 9, line 27, by inserting after the word
38 "company." the following: "This section does not
39 apply to insurance producers or a business entity
40 whose contract with an insurer authorized to do
41 business in this state contains a written provision
42 expressly reserving to the insurer all right, title,
43 and interest to the ownership or the use of insurance
44 business written by such an insurance producer or
45 business entity."
46 7. By renumbering, redesignating, and correcting
47 internal references as necessary.
Petersen of Polk offered amendment H-8412, to amendment H-
8403, filed by her from the floor as follows:
© 2002 Cornell College and
League of Women Voters of Iowa
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Last update: Fri Mar 22 09:01:00 CST 2002
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