508.15A Suspension and summary suspension.
The commissioner may do one or more of the following:
1. For a violation of Title XIII, subtitle 1, after a hearing provided pursuant to chapter 17A, order the suspension of the license or authority to transact the business of insurance within the state.
2. Upon three days’ notice, if the commissioner has reason to believe that there is imminent substantial risk to an insurer’s solvency, order the insurer to appear before the commissioner and show cause why its license or authority to do insurance business within the state should not be suspended. At the hearing to show cause, the commissioner may summarily suspend the license or authority of the insurer to do business within the state.
3. Summarily order an insurer to cease and desist from a violation, anticipated violation, or suspected violation of chapter 507B, 510, or 513A, if a hearing is provided pursuant to chapter 17A within thirty days of the summary cease and desist order.
91 Acts, ch 213, §7
Structure Iowa Code
Chapter 508 - LIFE INSURANCE COMPANIES
Section 508.1 - Level premium and natural premium plan companies.
Section 508.2 - Articles — approval — bylaws.
Section 508.3 - Requirements of articles.
Section 508.4 - Approval of amendments to articles — bylaws.
Section 508.5 - Capital and surplus required.
Section 508.6 - Deposit of securities — certificate.
Section 508.7 - Loans to officers.
Section 508.8 - Insurance company officers — conflicts of interest — exceptions.
Section 508.8A - Loans to employees.
Section 508.9 - Mutual companies — conditions.
Section 508.10 - Foreign companies — capital or surplus — investments.
Section 508.11 - Annual statement.
Section 508.12 - Redomestication of insurers.
Section 508.13 - Annual certificate of authority.
Section 508.14 - Violation by domestic company — dissolution — administrative penalties.
Section 508.15 - Violation by foreign company.
Section 508.15A - Suspension and summary suspension.
Section 508.20 - Reinsurance securities — title vested in commissioner.
Section 508.21 - Amount to be deposited.
Section 508.22 - Insolvency of company — procedure.
Section 508.25 - Policy forms — approval.
Section 508.26 - Failure to file copy.
Section 508.28 - Approval by commissioner — contestability of policy.
Section 508.29 - Authority to write other insurance.
Section 508.31A - Funding agreements.
Section 508.32 - Proceeds of policy held in trust.
Section 508.32A - Funds held in custodial or similar account.
Section 508.33 - Subsidiary companies acquired.
Section 508.33A - Limited purpose subsidiary life insurance companies.
Section 508.34 - Required to be separate company.
Section 508.35 - Qualifications to do business.
Section 508.36 - Standard valuations.
Section 508.37 - Standard nonforfeitures — life insurance.
Section 508.38 - Standard nonforfeitures — deferred annuities.