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Section 515A.2 - Definitions — scope of chapter.

IA Code § 515A.2 (2019) (N/A)
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515A.2 Definitions — scope of chapter.

1. As used in this chapter:

a. “Insurance” means workers’ compensation liability insurance.

b. “Insurer” means an insurer which issues a policy of workers’ compensation liability insurance.

c. “Policy” means a policy of workers’ compensation liability insurance.

d. “Rate” means a rate for workers’ compensation liability insurance.

e. “Rating organization” means a workers’ compensation rating organization licensed pursuant to this chapter.

f. “Rate filing” means a rate filing by a rating organization or an insurer.

g. “Schedule rating plan” means a rating plan by which an insurer increases or decreases workers’ compensation rates to reflect the individual risk characteristics of the subject of the insurance.

2. This chapter applies only to workers’ compensation liability insurance.

[C50, 54, 58, 62, §515A.2, 515B.2; C66, 71, 73, 75, 77, 79, 81, §515A.2]

90 Acts, ch 1234, §43; 2008 Acts, ch 1123, §29

Referred to in §515A.15

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Section 515A.1 - Purpose of chapter.
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Section 515A.3 - Making of rates.