Iowa Code § 521J.10: Excess workers’ compensation insurance.

1. A captive company may provide excess workers’ compensation insurance to the captive company’s parent and affiliated companies unless the laws of the state that has jurisdiction over the transaction prohibits the captive company from providing excess workers’ compensation insurance.

2. A captive company may reinsure workers’ compensation of a qualified self-insured plan of the captive company’s parent and affiliated companies.