House File 2369

                                       HOUSE FILE       
                                       BY  MURPHY


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the cancellation of liability insurance for
  2    certain professions.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5547YH 80
  5 av/pj/5

PAG LIN

  1  1    Section 1.  Section 519.8, Code 2003, is amended to read as
  1  2 follows:
  1  3    519.8  CANCELLATION OF POLICY.
  1  4    Any certificate of membership, or policy, issued by such a
  1  5 mutual insurance corporation may be canceled by the
  1  6 corporation by giving thirty one hundred twenty days' written
  1  7 notice thereof to the insured; or such cancellation may be
  1  8 upon demand of the insured; and such cancellation, when so
  1  9 made, either by the corporation or by the insured, shall be
  1 10 upon a pro rata basis, and the cancellation of such
  1 11 certificate or policy shall release the member from all other
  1 12 future obligations to such corporation.
  1 13                           EXPLANATION
  1 14    This bill provides that liability insurance issued by
  1 15 certain mutual insurance corporations for certain persons
  1 16 involved in medical professions, such as physicians and
  1 17 surgeons, osteopathic physicians and surgeons, podiatric
  1 18 physicians, chiropractors, pharmacists, dentists, graduate
  1 19 nurses, and hospitals licensed under Code chapter 135B, cannot
  1 20 be canceled by the corporation without giving 120 days'
  1 21 written notice of the cancellation to the insured.  Presently,
  1 22 such an insured is entitled to only 30 days' written notice of
  1 23 cancellation.
  1 24 LSB 5547YH 80
  1 25 av/pj/5
  1 26
  1 27
  1 28
  1 29
  1 30
  1 31
  1 32
  1 33
  1 34
  1 35