Iowa § 521J.18 Sponsors — qualifications

Iowa Statutes

§ 521J.18 — Sponsors — qualifications

Iowa § 521J.18

Title XIIICOMMERCE

Ch. 521JCAPTIVE COMPANIES

This text of Iowa § 521J.18 (Sponsors — qualifications) 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 § 521J.18 (2026).

Text

A sponsor of a protected cell captive company may be any person approved by the
commissioner, based on the commissioner’s determination that the approval of such person
as a sponsor is consistent with the purposes of this chapter. In evaluating the qualifications
of a proposed sponsor, the commissioner shall consider the type and structure of the
proposed sponsor entity, the sponsor’s experience in financial operations, the sponsor’s
financial stability, the sponsor’s business reputation, and any other factors deemed relevant
by the commissioner. A risk retention group shall not be a sponsor of a protected cell captive
company.

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A sponsor of a protected cell captive company may be any person approved by the
commissioner, based on the commissioner’s determination that the approval of such person
as a sponsor is consistent with the purposes of this chapter. In evaluating the qualifications
of a proposed sponsor, the commissioner shall consider the type and structure of the
proposed sponsor entity, the sponsor’s experience in financial operations, the sponsor’s
financial stability, the sponsor’s business reputation, and any other factors deemed relevant
by the commissioner. A risk retention group shall not be a sponsor of a protected cell captive
company.