Sheet Metal Contractors of Iowa v. Commissioner of Insurance of the State

CARTER, Justice.

This appeal involves the April 1, 1986, order of the Iowa Commissioner of Insurance, approving a proposed increase in workers’ compensation insurance premiums. After the district court affirmed the commissioner’s order, the issue was reviewed by the court of appeals. That court found that the commissioner’s failure to approve the proposed premium increase within the fifteen-day time period specified in Iowa Code section 515A.6(7)(e) (1985) rendered his subsequent action invalid. It therefore reversed the judgment of the district court.

We granted further review of the decision…