Iowa § 523C.12 Optional examination

Iowa Statutes

§ 523C.12 — Optional examination

Iowa § 523C.12

Title XIIICOMMERCE

Ch. 523CRESIDENTIAL AND MOTOR VEHICLE SERVICE CONTRACTS

This text of Iowa § 523C.12 (Optional examination) 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 § 523C.12 (2026).

Text

The commissioner or a designee of the commissioner may make an examination of the
books and records of a service company, including copies of contracts and records of claims
and expenditures, and verify its assets, liabilities, and reserves. The actual costs of the
examination shall be borne by the service company. The costs of an examination under this
section shall not exceed an amount equal to ten percent of the service company’s reported
net income in the previous fiscal year.

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The commissioner or a designee of the commissioner may make an examination of the
books and records of a service company, including copies of contracts and records of claims
and expenditures, and verify its assets, liabilities, and reserves. The actual costs of the
examination shall be borne by the service company. The costs of an examination under this
section shall not exceed an amount equal to ten percent of the service company’s reported
net income in the previous fiscal year.