Iowa Individual Health Benefit Reinsurance Association v. State University of Iowa, Iowa State University of Science…

Summary

The court held that the state universities were required to be members of the Iowa Individual Health Benefit Reinsurance Association because they provided health benefit plans, and that the statutory assessment scheme did not violate the Iowa Constitution's prohibition on state suretyship. The court also held that the association had authority to impose late payment fees and that the parties' stipulated record established entitlement to the specified fees. It affirmed the denial of attorney fees and costs, reversed the denial of late payment fees, vacated the judgment, and remanded for entry of specified judgments.