Section 781.16.5. Participant eligibility.

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Iowa Code section 12D.3 provides that the trust may enter into participation agreements with participants to effectuate the purposes, objectives and provisions of the trust. This rule establishes the eligibility criteria for a participant.
      16.5(1) A participant must be at least 18 years old and a resident of the United States.
      16.5(2) A participant shall execute a participation agreement with the program administrator that specifies the plan selected by the participant and the terms and conditions under which the participant shall participate in the trust.
      16.5(3) A participant shall, on signing a participation agreement, provide the program administrator with the participant’s social security number.

                    
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