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| IOWA COMMUNITIES ASSURANCE POOL (ICAP) |
| Why isn't ICAP an insurance company then? | | Answer.... |
| | Wouldn't the Insurance Department regulations make sure ICAP didn't incur financial difficulties? | | Answer.... |
| | Why did the Iowa League of Cities and the Iowa State of Counties sponsor ICAP? | | Answer.... |
| | Why wasn't ICAP formed as an insurance company? | | Answer.... |
| | Could ICAP qualify as an insurance company doing business in Iowa? | | Answer.... |
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| STATE GUARANTEE FUND |
| Is it true that if my town has a catastrophic loss and the insurance company goes bankrupt I have coverage through a guarantee fund that only regulated companies participate in? | | Answer.... |
| | | So if my entity were covered by ICAP none of the Pools money would be spent to pay claims of companies going bankrupt? | | Answer.... |
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| INTERGOVERNMENTAL CONTRACT |
| What is the Intergovernmental Contract (IGC) and what is its purpose? | | Answer.... |
| | Is it true that our city doesn't have to sign any contract with an insurance company like we are required to with a pool? | | Answer.... |
| | Is it true that an insurance company can non-renew/terminate our claims-made E&O policy and leave us without coverage for the time we were with them? | | Answer.... |
| | Does my entity have the flexibility to withdraw from ICAP any renewal period we desire? | | Answer.... |
| | Can the withdrawing members buy coverage from an insurance company for the unsettled claims? | | Answer.... |
| | Can you describe "claims made" coverage and what lines of coverage would it usually apply to? | | Answer.... |
| | Does my entity have to notify the Pool 60 days prior to withdrawal? | | Answer.... |
| | | Aside from the benefits of lower cost and better coverage's, what other financial benefits are available to members. | | Answer.... |
| | Well then, how does the Pool make up for poor loss years? | | Answer.... |
| | How about if we cut employees or vehicles? | | Answer.... |
| | | | How long of a term does our entity have to stay with the Pool if we elect to join? | | Answer.... |
| | | If an entity leaves ICAP, do they have the ability to leave their claims for the remaining ICAP members to pay? | | Answer.... |
| | Can you explain "occurrence coverage" and tell me what types of coverage it usually applies to? | | Answer.... |
| | What happens to our E&O and law enforcement liability claims if our entity leaves the current insurance company and joins ICAP? | | Answer.... |
| | Is my entity penalized for withdrawing? | | Answer.... |
| | What good is the CRF unless I leave the Pool? | | Answer.... |
| | If ICAP gets hit with a bunch of big claims, can the Pool assess my entity for more money mid-term. | | Answer.... |
| | You say there are no mid-term surprises with ICAP. What if we add some vehicles or additional employees? | | Answer.... |
| | I was told the Pool was created for Iowa public entities that couldn't buy insurance any where else because of terrible loss experience. Is that true? | | Answer.... |
| | Has any ICAP member ever been cancelled? | | Answer.... |
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