(1) The rate is determined by the slowest step: \[ \text{Rate} = k[\text{H}_2\text{O}_2][\text{I}^-] \] (2) The overall reaction order is 2, with first-order dependence on H$_2$O$_2$ and first-order dependence on I$^-$
The slow step has a molecularity of 2, involving both H$_2$O$_2$ and I$^-$ in a bimolecular process.