521.8 Authorization.
The commission, if satisfied that the interests of the members, policyholders, or shareholders of the affected company are properly protected and no reasonable objection to the application and plan exists, may approve, disapprove, or require modification of the proposed plan of consolidation, merger, or reinsurance prior to approval. The commission may make such order and disposition of the assets of any such company thereafter remaining as shall be just and equitable.
[S13, §1821-q; C24, 27, 31, 35, 39, §9111; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.8]
2006 Acts, ch 1117, §105
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.