509B.1 - DEFINITIONS. - Iowa Statutes

509B.1 DEFINITIONS. As used in this chapter, unless the context otherwise requires: 1. "Accident or health insurance" means hospital, surgical, or major medical insurance, or a combination of these. 2. "Commissioner" means the state commissioner of insurance. 3. "Group policy" means a group accident or health insurance policy issued by an insurance company under chapter 509, a group accident or health contract issued by a health service corporation under chapter 514, or a plan for health care services provided by a health maintenance organization under chapter 514B, or issued or provided by any similar corporation or organization. 4. "Insurance", "insures", and "insured" refer to coverage under a group policy, individual policy, or converted policy on a premium-paying basis, and do not include coverage provided solely as an accrued liability or by reason of a disability extension. 5. "Insurer" means the entity issuing a group policy or an individual or converted policy. 6. "Medicare" means Title XVIII of the United States Social Security Act. 7. "Premium" includes any premium or payment or other consideration payable for coverage under a group or individual policy.          Section History: Recent Form 86 Acts, ch 1124, § 1; 2006 Acts, ch 1117, §36 Referred to in § 514C.3