2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 505 - INSURANCE DIVISION
505.15 - ACTUARIAL, PROFESSIONAL, AND SPECIALIST STAFF.

        505.15  ACTUARIAL, PROFESSIONAL, AND SPECIALIST
      STAFF.
         1.  The commissioner may appoint a staff of actuaries as necessary
      to carry out the duties of the division.  The actuarial staff shall
      do all of the following:
         a.  Perform analyses of rate filings.
         b.  Perform audits of submitted loss data.
         c.  Conduct rate hearings and serve as expert witnesses.
         d.  Prepare, review, and dispense data on the insurance
      business.
         e.  Assist in public education concerning the insurance
      business.
         f.  Identify any impending problem areas in the insurance
      business.
         g.  Assist in examinations of insurance companies.
         2.  The commissioner may retain, or the commissioner's designee
      may request that the commissioner retain, attorneys, appraisers,
      independent actuaries, independent certified public accountants, or
      other professionals or specialists to assist the division or the
      consumer advocate bureau in carrying out its duties in regard to rate
      filing reviews.  The reasonable cost of retaining such professionals
      and specialists shall be borne by the insurer which is the subject of
      the rate filing review.  

         87 Acts, ch 132, §2; 2008 Acts, ch 1123, §10; 2009 Acts, ch 145,
      §4
         Referred to in § 505.8