Iowa § 507C.6 Cooperation of officers, owners, and employees — penalty

Iowa Statutes

§ 507C.6 — Cooperation of officers, owners, and employees — penalty

Iowa § 507C.6

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.6 (Cooperation of officers, owners, and employees — penalty) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507C.6 (2026).

Text

1.An officer, manager, director, trustee, owner, employee, or agent of an insurer, or any other person with authority over or in charge of any segment of the insurer’s affairs, shall cooperate with the commissioner in any proceeding under this chapter or any investigation preliminary to the proceeding. The term “person” as used in this section, shall include any person who exercises control directly or indirectly over activities of the insurer through any holding company or other affiliate of the insurer. “To cooperate” shall include, but shall not be limited to, the following:

a.To reply promptly in writing to any inquiry from the commissioner requesting a reply.

b.To make available to the commissioner any books, accounts, documents, or other records, information, or property of or per

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1. An officer, manager, director, trustee, owner, employee, or agent of an insurer, or any
other person with authority over or in charge of any segment of the insurer’s affairs, shall
cooperate with the commissioner in any proceeding under this chapter or any investigation
preliminary to the proceeding. The term “person” as used in this section, shall include any
person who exercises control directly or indirectly over activities of the insurer through any
holding company or other affiliate of the insurer. “To cooperate” shall include, but shall not
be limited to, the following:
a. To reply promptly in writing to any inquiry from the commissioner requesting a reply.
b. To make available to the commissioner any books, accounts, documents, or other
records, information, or property of or pertaining to the insurer and in the person’s
possession, custody, or control.
2. A person shall not obstruct or interfere with the commissioner in the conduct of
a delinquency proceeding or an investigation preliminary or incidental to a delinquency
proceeding.
3. Thissectiondoesnotabridgeotherwiseexistinglegalrights,includingtherighttoresist
a petition for liquidation, other delinquency proceedings, or other orders.
4. It shall be unlawful for a person as defined in subsection 1 to fail to cooperate with
the commissioner, or to obstruct or interfere with the commissioner in the conduct of a
delinquency proceeding or an investigation preliminary or incidental to a delinquency
proceeding, or to violate a valid order of the commissioner.