Iowa Code § 510.20
Notification required
Iowa · Iowa Code Chapter 510 — Managing General Agents and Third-Party Administrators · Status: effective
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- Citation
- Iowa Code § 510.20, Notification required, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2263847
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Full text
When the services of a third-party administrator are used, the third-party administrator shall provide a written notice, approved by the insurer, to insured individuals, advising them of the identity of and relationship among the third-party administrator, the policyholder, and the insurer. When a third-party administrator collects funds, it shall identify and state separately in writing to the person paying to the third-party administrator any charge or premium for insurance coverage the amount of any such charge or premium specified by the insurer for such insurance coverage.