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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.25 - COLLECTION AND LIST OF ASSETS.

        507C.25  COLLECTION AND LIST OF ASSETS.
         1.  As soon as practicable after the liquidation order but not
      later than one hundred twenty days thereafter, the liquidator shall
      prepare in duplicate a list of the insurer's assets.  The list shall
      be amended or supplemented as the liquidator may determine.  One copy
      shall be filed in the office of the clerk of the court and one copy
      shall be retained for the liquidator's files.  Amendments and
      supplements shall be similarly filed.
         2.  The liquidator shall reduce the assets to a degree of
      liquidity that is consistent with the effective execution of the
      liquidation.
         3.  A submission to the court for disbursement of assets in
      accordance with section 507C.34 fulfills the requirements of
      subsection 1.
         Section History: Recent Form
         84 Acts, ch 1175, § 25

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