Iowa § 515A.12 Examinations

Iowa Statutes

§ 515A.12 — Examinations

Iowa § 515A.12

Title XIIICOMMERCE

Ch. 515AWORKERS’ COMPENSATION LIABILITY INSURANCE RATES

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Bluebook

Iowa Code § 515A.12 (2026).

Text

The commissioner shall, at least once in five years, make or cause to be made an
examination of each rating organization licensed in this state as provided in section 515A.6
and the commissioner may, as often as the commissioner may deem it expedient, make or
causetobemadeanexaminationofeachadvisoryorganizationreferredtoinsection515A.10
and of each group, association or other organization referred to in section 515A.11. The
reasonable costs of any such examination shall be paid by the rating organization, advisory
organization or group, association or other organization examined upon presentation to it of
a detailed account of such costs. The officers, manager, agents and employees of such rating
organization, advisory organization, or group, association or other organization may be
examin

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The commissioner shall, at least once in five years, make or cause to be made an
examination of each rating organization licensed in this state as provided in section 515A.6
and the commissioner may, as often as the commissioner may deem it expedient, make or
causetobemadeanexaminationofeachadvisoryorganizationreferredtoinsection515A.10
and of each group, association or other organization referred to in section 515A.11. The
reasonable costs of any such examination shall be paid by the rating organization, advisory
organization or group, association or other organization examined upon presentation to it of
a detailed account of such costs. The officers, manager, agents and employees of such rating
organization, advisory organization, or group, association or other organization may be
examined at any time under oath and shall exhibit all books, records, accounts, documents,
or agreements governing its method of operation. In lieu of any such examination the
commissioner may accept the report of an examination made by the insurance supervisory
official of another state, pursuant to the laws of such state.