521.4 Procedure — notice.
The commission may hear and determine an application, and approve, disapprove, or require modification of a plan submitted under section 521.3 without notice and without public hearing. The commission may require a public hearing when necessary to conserve the interests of the members, policyholders, or shareholders of the affected company. In such cases the commission shall require the affected company to mail to all of its members, policyholders, or shareholders written notice of the public hearing stating that an application and plan have been filed with the commission, the nature of the plan, and the date, time, and place of the public hearing on the application and plan. The commission shall determine the number of days prior to the public hearing that notice is required to be given to the members or shareholders, which shall be no fewer than ten nor more than sixty days.
[S13, §1821-p; C24, 27, 31, 35, 39, §9107; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.4]
2006 Acts, ch 1117, §101
Referred to in §521.7
Structure Iowa Code
Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE
Section 521.2 - Consolidation, merger, and reinsurance.
Section 521.3 - Submission of plan and application to commissioner of insurance.
Section 521.4 - Procedure — notice.
Section 521.5 - Commission created.
Section 521.7 - Appearance by members, policyholders, or shareholders.
Section 521.8 - Authorization.
Section 521.9 - Unanimous decision required.
Section 521.10 - Election called.
Section 521.11 - Approval and filing with commissioner.
Section 521.12 - Companies other than life — approval of plan.
Section 521.13 - Reinsurance transactions — exemption.
Section 521.14 - Expenses and costs — how paid.
Section 521.16 - Applicability of section 521A.3.
Section 521.17 - Additional filing requirements — plans and articles of merger or consolidation.
Section 521.18 - Articles of merger or consolidation — filing fees and approval.
Section 521.19 - Merger or consolidation effective with division.