This text of Iowa § 521D.2 (Report) 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.
1.An insurer domiciled in this state shall file a report with the commissioner disclosing
material acquisitions and dispositions of assets, or material nonrenewals, cancellations,
or revisions of ceded reinsurance agreements unless such acquisitions and dispositions of
assets, or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements
have been submitted to the commissioner for review, approval, or information purposes
pursuant to other provisions of this subtitle or pursuant to other requirements. The report
shall be filed not later than fifteen days after the end of the calendar year in which the
material acquisition or disposition of assets, or material nonrenewal, cancellation, or
revision of ceded reinsurance agreements occurs.
2.Theinsurershallalsofileacop
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1. An insurer domiciled in this state shall file a report with the commissioner disclosing
material acquisitions and dispositions of assets, or material nonrenewals, cancellations,
or revisions of ceded reinsurance agreements unless such acquisitions and dispositions of
assets, or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements
have been submitted to the commissioner for review, approval, or information purposes
pursuant to other provisions of this subtitle or pursuant to other requirements. The report
shall be filed not later than fifteen days after the end of the calendar year in which the
material acquisition or disposition of assets, or material nonrenewal, cancellation, or
revision of ceded reinsurance agreements occurs.
2. Theinsurershallalsofileacopyofthereportrequiredtobefiledwiththecommissioner
pursuant to subsection 1, including any exhibits or other attachments filed as part of the
report, with the national association of insurance commissioners.
3. a. Allreportsobtainedbyordisclosedtothecommissionerandthenationalassociation
of insurance commissioners pursuant to this chapter are confidential and shall not be subject
to subpoena and shall not be made public by the commissioner, the national association of
insurancecommissioners,oranyotherpersonwithoutthepriorwrittenconsentoftheinsurer
to which it pertains, unless the commissioner, after giving such insurer notice and providing
an opportunity to be heard, determines that the interest of policyholders, shareholders, or
the public will be served by the publication or disclosure of the report, in which event the
commissioner may publish or disclose all or any part of the report as deemed appropriate.
b. Notwithstanding this subsection, the commissioner or the national association of
insurance commissioners may provide the report to the insurance regulatory agencies of
other states.