Iowa Admin. Code r. 191-5.2 - Examination for admission

Any foreign or alien insurance company seeking to be admitted to do business in the state of Iowa shall, at the discretion of the division, be subject to either or both of the following:

1. An on-site examination by the division;

2. A desk examination, if the applicant provides a financial examination report prepared by the insurance regulatory body of the applicant's state or country of domicile. The examination report must be certified by the issuing regulatory body and must have an effective date of not more than two years prior to the date of application for admission.

This rule is intended to implement Iowa Code section 507.2.

Notes

Iowa Admin. Code r. 191-5.2

Amended by IAB March 10, 2021/Volume XLIII, Number 19, effective 4/14/2021