523.7 Statement of stock ownership filed with commissioner.
1. Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the commissioner of insurance as prescribed by rule a statement, in a form as the commissioner may prescribe, of the amount of all equity securities of the company of which the person is the beneficial owner.
2. Within the time frame prescribed by rule, if there has been a change in the ownership during a time period prescribed by rule, a person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the commissioner a statement, in a form as the commissioner may prescribe, indicating the person’s ownership at the close of the time period prescribed by rule and any changes in the person’s ownership as have occurred during the time period prescribed by rule.
[C66, 71, 73, 75, 77, 79, 81, §523.7]
2003 Acts, ch 91, §50
Referred to in §523.11, 523.12, 523.13, 523.14
Structure Iowa Code
Chapter 523 - ELECTIONS AND INSIDER TRADING
Section 523.1 - Proxies authorized.
Section 523.5 - Proportionate representation.
Section 523.6 - Amendment of articles.
Section 523.7 - Statement of stock ownership filed with commissioner.
Section 523.8 - Profit in trading stock to inure to company.
Section 523.9 - Penalty for selling stock not directly owned by seller.
Section 523.10 - Exceptions — rules by commissioner.
Section 523.11 - Arbitrage transactions excepted.
Section 523.12 - Equity security defined.