521F.2 - DEFINITIONS.

        521F.2  DEFINITIONS.         As used in this chapter, unless the context otherwise requires:         1.  "Adjusted risk-based capital report" means a risk-based      capital report adjusted by the commissioner pursuant to section      521F.3, subsection 4.         2.  "Commissioner" means the commissioner of insurance.         3.  "Corrective order" means an order issued by the      commissioner specifying corrective actions which the commissioner has      determined are required.         4.  "Domestic health organization" means a health organization      domiciled in this state.         5.  "Filing date" means March 1 of each year.         6.  "Foreign health organization" means a health organization      that is not domiciled in this state.         7.  "Health organization" means a health maintenance      organization, limited service organization, dental or vision plan,      hospital, medical and dental indemnity or service corporation or      other managed care organization licensed under chapter 514, 514B, or      1993 Iowa Acts, ch. 158, or any other entity engaged in the business      of insurance, risk transfer, or risk retention, that is subject to      the jurisdiction of the commissioner of insurance or the director of      public health.  "Health organization" does not include an      insurance company licensed to transact the business of insurance      under chapter 508, 515, or 520, and which is otherwise subject to      chapter 521E.         8.  "Revised risk-based capital plan" means a risk-based      capital plan that has been rejected by the commissioner and has been      revised by the health organization, with or without the      commissioner's recommendation.         9.  "Risk-based capital instructions" means the instructions      included in the risk-based capital report as adopted by the national      association of insurance commissioners, as such risk-based capital      instructions may be amended by the national association of insurance      commissioners from time to time in accordance with the procedures      adopted by the national association of insurance commissioners.         10.  "Risk-based capital level" means a health organization's      company-action-level risk-based capital, regulatory-action-level      risk-based capital, authorized-control-level risk-based capital, or      mandatory-control-level risk-based capital as follows:         a.  "Company-action-level risk-based capital" means the      product of two and the health organization's authorized-control-level      risk-based capital.         b.  "Regulatory-action-level risk-based capital" means the      product of one and one-half and the health organization's      authorized-control-level risk-based capital.         c.  "Authorized-control-level risk-based capital" means the      number determined under the risk-based capital formula in accordance      with the risk-based capital instructions.         d.  "Mandatory-control-level risk-based capital" means the      product of seven-tenths and the health organization's      authorized-control-level risk-based capital.         11.  "Risk-based capital plan" means a comprehensive financial      plan containing the elements identified in section 521F.4, subsection      2.         12.  "Risk-based capital report" means the report required in      section 521F.3.         13.  "Total adjusted capital" means the sum of the following:         a.  A health organization's statutory capital and surplus.         b.  Such other items, if any, as identified in the risk-based      capital instructions.  
         Section History: Recent Form
         2000 Acts, ch 1050, §2