2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508D - MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY
508D.9 - MISCELLANEOUS PROVISIONS.

        508D.9  MISCELLANEOUS PROVISIONS.
         1.  Records shall be kept of all negotiations and meetings in
      which the facility or the facility's representatives are involved to
      discuss the activities of the facility in carrying out the powers and
      duties set out under section 508D.6.  Records of negotiations or
      meetings shall be made public pursuant to chapter 22 only upon the
      termination of a liquidation, rehabilitation, or conservation
      proceeding involving the impaired or insolvent insurance company
      whose business was assumed by or assigned to the facility, upon the
      termination of the impairment or insolvency of the insurance company,
      or upon the order of a court of competent jurisdiction.  This
      subsection does not limit the duty of the association to render a
      report of its activities under subsection 2.
         2.  The facility is subject to examination and regulation by the
      oversight organization.  The board of directors shall submit to the
      oversight organization by June 1 of each year a financial report for
      the preceding calendar year and a report of its activities during the
      preceding calendar year.  The financial report shall be in a form
      approved by the oversight organization.
         3.  The facility is exempt from payment of all fees and taxes
      levied by this state or any of its subdivisions on insurance
      companies, except taxes levied on the real property of the facility.

         4.  A member guaranty association and its agents and employees,
      the facility and its agents and employees, members of the board of
      directors, and the oversight organization and its representatives are
      not liable for any acts or omissions while acting within the scope of
      their employment and in the performance of their powers and duties
      under this chapter, except for acts or omissions not in good faith
      which involve intentional misconduct or which involve a knowing
      violation of law.  

         94 Acts, ch 1011, §9