2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521D - DISCLOSURE OF MATERIAL TRANSACTIONS
521D.2 - REPORT.

        521D.2  REPORT.
         1.  An insurer domiciled in this state shall file a report with
      the commissioner disclosing material acquisitions and dispositions of
      assets, or material nonrenewals, cancellations, or revisions of ceded
      reinsurance agreements unless such acquisitions and dispositions of
      assets, or material nonrenewals, cancellations, or revisions of ceded
      reinsurance agreements have been submitted to the commissioner for
      review, approval, or information purposes pursuant to other
      provisions of this subtitle or pursuant to other requirements.  The
      report shall be filed not later than fifteen days after the end of
      the calendar year in which the material acquisition or disposition of
      assets, or material nonrenewal, cancellation, or revision of ceded
      reinsurance agreements occurs.
         2.  The insurer shall also file a copy of the report required to
      be filed with the commissioner pursuant to subsection 1, including
      any exhibits or other attachments filed as part of the report, with
      the national association of insurance commissioners.
         3.  All reports obtained by or disclosed to the commissioner and
      the national association of insurance commissioners pursuant to this
      chapter are confidential and shall not be subject to subpoena and
      shall not be made public by the commissioner, the national
      association of insurance commissioners, or any other person without
      the prior written consent of the insurer to which it pertains, unless
      the commissioner, after giving such insurer notice and providing an
      opportunity to be heard, determines that the interest of
      policyholders, shareholders, or the public will be served by the
      publication or disclosure of the report, in which event the
      commissioner may publish or disclose all or any part of the report as
      deemed appropriate.
         Notwithstanding this subsection, the commissioner or the national
      association of insurance commissioners may provide the report to the
      insurance regulatory agencies of other states.  
         Section History: Recent Form
         94 Acts, ch 1176, §17
         Referred to in § 521D.3, 521D.4

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