2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.24 - REPORTS.

        512B.24  REPORTS.
         Reports shall be filed in accordance with this section.
         1.  A society transacting business in this state, on or before
      March 1 annually, unless for cause shown the time has been extended
      by the commissioner, shall file with the commissioner a true
      statement of its financial condition, transactions, and affairs for
      the preceding calendar year and shall pay a fee of fifty dollars.
      The statement may be in general form and content as approved by the
      national association of insurance commissioners for fraternal benefit
      societies and shall be supplemented by additional information as
      adopted by rule of the commissioner.
         2.  As part of the annual statement, a society shall, on or before
      March 1, file with the commissioner of insurance a valuation of its
      certificates in force on the last preceding December 31.  However,
      the commissioner may, for cause shown, extend the time for filing the
      valuation for not more than two calendar months.  The valuation shall
      be done in accordance with the standards specified in section
      512B.23.  The valuation and underlying data shall be certified by a
      qualified actuary or, at the expense of the society, verified by the
      actuary of the department of insurance of the state of domicile of
      the society.
         3.  A society failing to file the annual statement in the form and
      within the time provided by this section shall forfeit one hundred
      dollars for each day during which the default continues, and, upon
      notice by the commissioner to that effect, the society's authority to
      do business in this state shall cease while the default continues.
      

         90 Acts, ch 1148, § 25; 92 Acts, ch 1162, § 17