Iowa Code § 521J.25

Current through bills signed by governor as of 5/17/2024

Section 521J.25 - Risk management of controlled unaffiliated business - standards

The commissioner may adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a captive company. If rules are not adopted to establish standards pursuant to this section, the commissioner may approve the coverage of such risks on a case-by-case basis.

Iowa Code § 521J.25

Added by 2023 Iowa, ch 107, s 28, eff. 7/1/2023.

This section reflects a change by the Code Editor.

NEW section