Iowa § 522.1 Purpose and scope — legislative intent

Iowa Statutes

§ 522.1 — Purpose and scope — legislative intent

Iowa § 522.1

Title XIIICOMMERCE

Ch. 522INSURER RISK AND SOLVENCY ASSESSMENTS

This text of Iowa § 522.1 (Purpose and scope — legislative intent) 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 § 522.1 (2026).

Text

1.The purpose of this chapter is to require insurers to maintain a risk management framework and complete an own risk and solvency assessment and to provide guidance and instructionsforthefilingofownriskandsolvencyassessmentreportswiththecommissioner.

2.The general assembly finds and declares that own risk and solvency assessment summary reports will contain confidential and sensitive information related to an insurer’s or insurance group’s identification of risks material and relevant to the insurer or insurance groupfilingthereport. Thisinformationwillincludeproprietaryandtradesecretinformation that has the potential for harm and competitive disadvantage to the insurer or insurance group if the information is made public. It is the intent of the general assembly that own risk and solve

Free access — add to your briefcase to read the full text and ask questions with AI

1. The purpose of this chapter is to require insurers to maintain a risk management
framework and complete an own risk and solvency assessment and to provide guidance and
instructionsforthefilingofownriskandsolvencyassessmentreportswiththecommissioner.
2. The general assembly finds and declares that own risk and solvency assessment
summary reports will contain confidential and sensitive information related to an insurer’s
or insurance group’s identification of risks material and relevant to the insurer or insurance
groupfilingthereport. Thisinformationwillincludeproprietaryandtradesecretinformation
that has the potential for harm and competitive disadvantage to the insurer or insurance
group if the information is made public. It is the intent of the general assembly that own
risk and solvency assessment summary reports filed with the commissioner are confidential
documents, shall be shared only as provided in this chapter and to assist the commissioner in
the performance of the commissioner’s duties, and shall not be subject to public disclosure.