2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510 - MANAGING GENERAL AGENTS AND THIRD=PARTY ADMINISTRATORS
510.14 - MAINTENANCE OF INFORMATION.

        510.14  MAINTENANCE OF INFORMATION.
         A third-party administrator shall maintain at its principal
      administrative office for the duration of the written agreement
      referred to in section 510.12 plus five years, adequate books and
      records of all transactions between it, insurers, and insured
      persons.  The third-party administrator's books and records shall be
      maintained in accordance with prudent standards of insurance
      recordkeeping.  The commissioner shall have access to such books and
      records for the purpose of examination, audit, and inspection.  Trade
      secrets contained in a third-party administrator's books and records,
      including but not limited to the identity and addresses of
      policyholders and certificate holders, shall be confidential, except
      the commissioner may use trade secret information in any proceeding
      instituted against the third-party administrator.  The insurer
      retains the right to continuing access to the third-party
      administrator's books and records sufficient to permit the insurer to
      fulfill all of its contractual obligations to insured persons,
      subject to any restrictions in the written agreement between the
      insurer and third-party administrator on the proprietary rights of
      the parties in the third-party administrator's books and records.  

         89 Acts, ch 227, § 7; 2006 Acts, ch 1117, §41
         Referred to in § 510.12, 510.21