515E.7 - PURCHASING GROUPS EXEMPTIONS. - Iowa Statutes

515E.7 PURCHASING GROUPS EXEMPTIONS. A purchasing group which meets the criteria established under the federal Act is exempt from any law of this state relating to the creation of groups for the purchase of insurance, the prohibition of group purchasing, or any law that would discriminate against a purchasing group or its members. An insurer is exempt from any law of this state which prohibits providing, or offering to provide, to a purchasing group or its members advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters. A purchasing group is subject to all other applicable laws.          Section History: Recent Form 88 Acts, ch 1111, §8; 98 Acts, ch 1057, §11