Iowa Code 87.23 – Compensation liability insurance not required
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 87.23
- 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.
A corporation, association, or organization approved by the commissioner of insurance to provide compensation liability insurance shall not require a motor carrier that contracts with an owner-operator who is acting as an independent contractor pursuant to section 85.61, subsection 12, paragraph “c”, to purchase compensation liability insurance for the employer’s liability for the owner-operator or its employees.