Iowa Admin. Code r. 191-58.4 - Third-party administrator duties
(1)
A third-party administrator registered or applying for a certificate of
registration or renewal under Iowa Code section
51021.
and this chapter shall:
a. Make available for
inspection on request by the commissioner copies of all contracts with insurers
or other persons utilizing the services of the third-party
administrator.
b. As often as
reasonably required by the commissioner, produce its accounts, records and
files for examination and make its officers available to give information with
respect to its affairs.
c.
Immediately notify the commissioner of any material change in its ownership,
control, or other fact or circumstance affecting its qualification for a
certificate of registration in this state.
d. Notify the commissioner in writing of any
change in the information required to be filed under these rules including, but
not limited to, a change of address or name, not later than 30 days after the
change.
(2) The
commissioner may terminate a third-party administrator's certificate of
registration, following notice and an opportunity for a hearing, for failure to
comply with this rule.
Notes
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