2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507 - EXAMINATION OF INSURANCE COMPANIES
507.4 - EXAMINERS -- SALARIES.

        507.4  EXAMINERS -- SALARIES.
         1.  The commissioner of insurance may appoint insurance examiners,
      at least one of whom shall be an experienced actuary, and at least
      one of whom shall be an experienced and competent fire insurance
      accountant, and who, while conducting examinations, shall possess all
      the powers conferred upon the commissioner of insurance for such
      purposes.  The entire time of the examiners shall be under the
      control of the commissioner, and shall be employed as the
      commissioner may direct.
         2.  The commissioner may, when in the commissioner's judgment it
      is advisable, appoint assistants to aid in conducting examinations.
      The commissioner shall employ rates of compensation consistent with
      current standards in the industry for certified public accountants,
      attorneys, and skilled insurance examiners.  The commissioner may use
      compensation rates suggested by the national association of insurance
      commissioners.  Insurance examiners employed under this section shall
      be exempt from the merit system provisions of chapter 8A, subchapter
      IV, under section 8A.412, subsection 17. Compensation shall be paid
      from appropriations for such purposes upon certification of the
      commissioner, which shall be reimbursed as provided in sections 507.8
      and 507.9.  

         Section History: Early Form

         [S13, § 1821-c; C24, 27, 31, 35, 39, § 8628; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 507.4] 

         Section History: Recent Form

         2008 Acts, ch 1123, §11
         Referred to in § 87.11C