523C.15 Annual report.
A licensed service company that does not demonstrate financial responsibility by insuring service contracts under a reimbursement insurance policy as provided in section 523C.5, subsection 1, shall file with the commissioner an annual report no later than August 31 of each year. The annual report shall be in a form prescribed by the commissioner and contain all of the following:
1. A current financial statement including a balance sheet and statement of operations prepared in accordance with generally accepted accounting principles and certified by an independent certified public accountant.
2. Any other information relating to the performance and solvency of the service company required by the commissioner.
83 Acts, ch 87, §16; 2019 Acts, ch 142, §11, 19
Structure Iowa Code
Chapter 523C - RESIDENTIAL AND MOTOR VEHICLE SERVICE CONTRACTS
Section 523C.2 - License required.
Section 523C.3 - Application for license.
Section 523C.4 - License expiration and renewal.
Section 523C.5 - Financial responsibility — demonstration requirements.
Section 523C.6 - Reimbursement insurance policy requirements — insurer qualifications.
Section 523C.7 - Disclosure to service contract holders — contract form — required provisions.
Section 523C.8 - Rebates and commissions.
Section 523C.8A - Issuance of residential service contract without consideration prohibited.
Section 523C.9 - Suspension or revocation of license.
Section 523C.11 - Reserve account.
Section 523C.12 - Optional examination.
Section 523C.13 - Prohibited acts or practices — penalty — violations — contracts voided.
Section 523C.14 - Rate review.
Section 523C.15 - Annual report.
Section 523C.17 - Lending institutions.
Section 523C.19 - Cease and desist orders.
Section 523C.20 - Consent to service of process.
Section 523C.21 - Service of process.
Section 523C.22 - Claim procedures.