Iowa § 521H.1 Purpose and scope

Iowa Statutes

§ 521H.1 — Purpose and scope

Iowa § 521H.1

Title XIIICOMMERCE

Ch. 521HCORPORATE GOVERNANCE ANNUAL DISCLOSURE

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Bluebook

Iowa Code § 521H.1 (2026).

Text

1.The purpose of this chapter is to do all of the following:

a.Provide the commissioner with a summary of an insurer’s or insurance group’s corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of the insurer’s or insurance group’s corporate governance framework.

b.Outline the requirements for an insurer or insurance group to complete a corporate governance annual disclosure for submission to the commissioner.

c.Provide for the confidential treatment of the corporate governance annual disclosure and related information that contains confidential and sensitive information related to an insurer’s or insurance group’s internal operations and proprietary and trade secret information which, if made public, could potentially

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1. The purpose of this chapter is to do all of the following:
a. Provide the commissioner with a summary of an insurer’s or insurance group’s
corporate governance structure, policies, and practices to permit the commissioner to gain
and maintain an understanding of the insurer’s or insurance group’s corporate governance
framework.
b. Outline the requirements for an insurer or insurance group to complete a corporate
governance annual disclosure for submission to the commissioner.
c. Provide for the confidential treatment of the corporate governance annual disclosure
and related information that contains confidential and sensitive information related to
an insurer’s or insurance group’s internal operations and proprietary and trade secret
information which, if made public, could potentially cause the insurer or insurance group
competitive harm or disadvantage.
2. Nothing in this chapter shall be construed to prescribe or impose corporate governance
standards or internal procedures beyond those which are required under applicable
state corporate law. In addition, nothing in this chapter shall be construed to limit the
commissioner’s authority under chapter 507, or the rights or obligations of third parties
thereunder.
3. The requirements of this chapter shall apply to all insurers domiciled in this state.