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

Summary

The court held that the universities were statutory members of the Iowa Individual Health Benefit Reinsurance Association because they provided health benefit plans, and that the assessment scheme did not violate the Iowa Constitution's prohibition on state suretyship. The court also held that the association could impose late-payment fees and that the stipulated record established the applicable fees, but it affirmed the denial of attorney fees and litigation costs. The judgment was vacated and the case remanded for entry of judgment including the late-payment fees.