Terms Used In Iowa Code > Chapter 521F - Risk-Based Capital Requirements for Health Organizations

• Account: means the same as defined in section 554. See Iowa Code 554E.1
• Adjusted risk-based capital report: means a risk-based capital report adjusted by the commissioner pursuant to section 521F. See Iowa Code 521F.2
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Authorized-control-level risk-based capital: means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions. See Iowa Code 521F.2
• Commissioner: means the commissioner of insurance. See Iowa Code 521F.2
• Company-action-level risk-based capital: means the product of two and the health organization's authorized-control-level risk-based capital. See Iowa Code 521F.2
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Corrective order: means an order issued by the commissioner specifying corrective actions which the commissioner has determined are required. See Iowa Code 521F.2
• Domestic health organization: means a health organization domiciled in this state. See Iowa Code 521F.2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Filing date: means March 1 of each year. See Iowa Code 521F.2
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Foreign health organization: means a health organization that is not domiciled in this state. See Iowa Code 521F.2
• 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 or 514B, 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. See Iowa Code 521F.2
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Mandatory-control-level risk-based capital: means the product of seven-tenths and the health organization's authorized-control-level risk-based capital. See Iowa Code 521F.2
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• property: includes personal and real property. See Iowa Code 4.1
• 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. See Iowa Code 521F.2
• 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. See Iowa Code 521F.2
• 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. See Iowa Code 521F.2
• Risk-based capital plan: means a comprehensive financial plan containing the elements identified in section 521F. See Iowa Code 521F.2
• Risk-based capital report: means the report required in section 521F. See Iowa Code 521F.2
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Statute: A law passed by a legislature.
• Subpoena: A command to a witness to appear and give testimony.
• Total adjusted capital: means the sum of the following:
   a. See Iowa Code 521F.2
• year: means twelve consecutive months. See Iowa Code 4.1