518C.11 Prevention of insolvencies.
1. a. The board of directors, upon majority vote and for purposes of detecting and preventing insurer insolvencies, may do either of the following:
(1) Make recommendations to the commissioner for the detection and prevention of insurer insolvencies.
(2) Respond to a request by the commissioner to discuss and make recommendations regarding the status of a member insurer whose financial condition may be hazardous to policyholders or the public.
b. The board of directors, at the conclusion of a domestic insurer insolvency, may prepare a report based on the information available to the association on the history and causes of the insolvency. The report may be submitted to the commissioner.
2. Recommendations and reports made pursuant to subsection 1, paragraph “a”, subparagraph (2), are not public records under chapter 22.
2000 Acts, ch 1035, §11
Structure Iowa Code
Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION
Section 518C.4 - Association established.
Section 518C.5 - Board of directors.
Section 518C.6 - Duties and powers of the association.
Section 518C.7 - Plan of operation.
Section 518C.8 - Duties and powers of the commissioner.
Section 518C.9 - Effect of paid claims.
Section 518C.10 - Nonduplication of recovery.
Section 518C.11 - Prevention of insolvencies.
Section 518C.12 - Examination of the association.
Section 518C.13 - Tax exemption.
Section 518C.14 - Recognition of assessments in rates.
Section 518C.16 - Stay of proceedings.
Section 518C.17 - Actions against the association.