 |
Iowa Code (Last Updated: December 05, 2016) |
 |
Title XIII. COMMERCE |
|
Chapter 510. MANAGING GENERAL AGENTS AND THIRD-PARTY ADMINISTRATORS |
Section 510.22. Waiving of requirements.
Latest version.
-
The commissioner may waive the requirements of section 510.21 for any person or class of persons. The factors taken into account in granting a waiver shall include, but are not limited to whether:
1. The person acting as a third-party administrator is primarily in a business other than that of a third-party administrator.
2. The financial strength and history of the organization indicates stability in its continuity of doing business.
3. The regular duties being performed as a third-party administrator are such that the covered persons are not likely to be injured by a waiver of such requirements.
;