reglab/housing_qa huggingface dataset:
IA Code § 521.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.6 - Examination.

521.6 Examination.   The commission may examine the affairs and condition of any company as it deems proper. The commission shall have the power to summon and compel the attendance and testimony of witnesses. The commission shall have the power to compel the production of books and papers before the commission, and may administer oaths.  [S13, §1821-q; C24, 27, 31, 35, 39, §9109; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.6]  2006 Acts, ch 1117, §103; 2007 Acts, ch 22, §92
IA Code § 521.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.7 - Appearance by members, policyholders, or shareholders.

521.7 Appearance by members, policyholders, or shareholders.   When notice is given as provided in section 521.4, any member, policyholder, or shareholder of the affected company shall have the right to appear before the commission and be heard regarding the application and plan.  [S13, §1821-q; C24, 27, 31, 35, 39, §9110; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.7]  2006 Acts, ch 1117, §104
IA Code § 521.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.8 - Authorization.

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
IA Code § 521.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.9 - Unanimous decision required.

521.9 Unanimous decision required. Repealed by  2006 Acts, ch 1117, §127  .
IA Code § 521.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.10 - Election called.

521.10 Election called.   1. The commission may require an affected company to submit the plan of consolidation, merger, or reinsurance to a vote by its members. The plan shall be submitted at a meeting called for that purpose, upon not less than thirty days’ notice. Member approval of the plan requires the affirmative vote of two-thirds of all members voting in person, by ballot, or by proxy.   2. Approval by the members of a mutual company of a plan of merger or reinsurance is not required if all of the following conditions are satisfied:   a. The company will survive the merger or is the reinsurer.   b. At the time of the merger or reinsurance, the number of members of the surviving company is greater than the number of members of the affected company.   c. At the time of the merger or reinsurance, the surplus of the surviving company is greater than the surplus of the affected company.  [S13, §1821-q; C24, 27, 31, 35, 39, §9113; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.10]  2006 Acts, ch 1117, §106
IA Code § 521.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.11 - Approval and filing with commissioner.

521.11 Approval and filing with commissioner. Repealed by  2006 Acts, ch 1117, §127  .
IA Code § 521.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.12 - Companies other than life — approval of plan.

521.12 Companies other than life — approval of plan. Repealed by  2006 Acts, ch 1117, §127  .
IA Code § 521.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.13 - Reinsurance transactions — exemption.

521.13 Reinsurance transactions — exemption.   Reinsurance as provided in sections 515.49, 518.17, 518A.44, and 520.21 is exempt from the requirements of this chapter.  [S13, §1821-s; C24, 27, 31, 35, 39, §9116; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.13]  97 Acts, ch 186, §24; 2006 Acts, ch 1117, §107
IA Code § 521.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.14 - Expenses and costs — how paid.

521.14 Expenses and costs — how paid.   All expenses and costs incident to proceedings under this chapter shall be paid by the company filing the application and plan.  [S13, §1821-t; C24, 27, 31, 35, 39, §9117; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §521.14]  2006 Acts, ch 1117, §108
IA Code § 521.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.15 - Violations.

521.15 Violations. Repealed by  2004 Acts, ch 1110, §71  .
IA Code § 521.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.16 - Applicability of section 521A.3.

521.16 Applicability of section 521A.3.   For an insurer subject to chapter 521A, the provisions of section 521A.3 shall also be applicable to a merger or consolidation subject to this chapter. As used in this section, “insurer” means the same as defined in section 521A.1.  95 Acts, ch 185, §43; 2006 Acts, ch 1117, §109; 2008 Acts, ch 1123, §41
IA Code § 521.17 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.17 - Additional filing requirements — plans and articles of merger or consolidation.

521.17 Additional filing requirements — plans and articles of merger or consolidation.   A company filing a plan to merge or consolidate shall, in addition to and after meeting the requirements of this chapter, make all appropriate filings with and pay appropriate fees to the secretary of state required under chapter 490 or 491.  2006 Acts, ch 1117, §110
IA Code § 521.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.18 - Articles of merger or consolidation — filing fees and approval.

521.18 Articles of merger or consolidation — filing fees and approval.   A company filing a plan to merge or consolidate under the provisions of this chapter shall file its articles of merger or consolidation with the commission for its approval. The fee for filing articles of merger or consolidation with the commission is fifty dollars.  2006 Acts, ch 1117, §111
IA Code § 521.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521 - CONSOLIDATION, MERGER, AND REINSURANCE|Section 521.19 - Merger or consolidation effective with division.

521.19 Merger or consolidation effective with division.   A dividing insurer and the dividing insurer’s officers, directors, and shareholders shall have the authority to adopt and execute a plan of merger or consolidation on behalf of a resulting insurer, to execute and deliver documents, plans, certificates, and resolutions, and to make any filings on behalf of such resulting insurer. If provided in a plan of merger or consolidation, the merger or consolidation shall be effective simultaneously with the effectiveness of a division pursuant to 521I.10.  2019 Acts, ch 20, §19
IA Code § 521A.6A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.6A - Supervisory colleges — assessment of insurers.

521A.6A Supervisory colleges — assessment of insurers.   1. Power of commissioner. With respect to any insurer registered under section 521A.4 and in accordance with this section, the commissioner shall have the power to participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order to determine compliance by the insurer with this chapter. The powers of the commissioner with respect to supervisory colleges include but are not limited to the following:   a. Initiating the establishment of a supervisory college.   b. Clarifying the membership and participation of other supervisors in the supervisory college.   c. Clarifying the functions of the supervisory college and the role of other regulators, including the establishment of a group-wide supervisor.   d. Coordinating the ongoing activities of the supervisory college, including planning meetings, supervisory activities, and processes for information sharing.   e. Establishing a crisis management plan.   2. Expenses — assessment. Each registered insurer subject to this section shall be liable for and shall pay the reasonable expenses of the commissioner’s participation in a supervisory college in accordance with subsection 3, including reasonable travel expenses. For purposes of this section, a supervisory college may be convened as either a temporary or permanent forum for communication and cooperation between the regulators charged with the supervision of the insurer or its affiliates, and the commissioner may establish a regular assessment to the insurer for the payment of these expenses.   3. Supervisory college. In order to assess the business strategy, financial position, legal and regulatory position, risk exposure, risk management and governance processes, and as part of the examination of individual insurers in accordance with section 521A.6, the commissioner may participate in a supervisory college with other regulators charged with supervision of an insurer or its affiliates, including other state, federal, and international regulatory agencies. The commissioner may enter into agreements in accordance with section 521A.7, subsection 3, providing the basis for cooperation between the commissioner and the other regulatory agencies, and the activities of the supervisory college. Nothing in this section shall delegate to the supervisory college the authority of the commissioner to regulate or supervise the insurer or its affiliates within the commissioner’s jurisdiction.  2014 Acts, ch 1018, §19; 2016 Acts, ch 1122, §8, 9  Referred to in §521A.6B, 521A.7
IA Code § 521A.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.8 - Rules.

521A.8 Rules.   The commissioner may, upon notice and opportunity for all interested persons to be heard, issue such rules and orders as shall be necessary to carry out the provisions of this chapter.  [C71, 73, 75, 77, 79, 81, §521A.8]
IA Code § 521A.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.11 - Receivership.

521A.11 Receivership.   Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the commissioner may proceed as provided in section 505.9 to take possession of the property of such domestic insurer and to conduct the business thereof.  [C71, 73, 75, 77, 79, 81, §521A.11]
IA Code § 521A.11A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.11A - Recovery.

521A.11A Recovery.   1. Subject to subsections 2 through 4, if an order for liquidation, conservation, or rehabilitation of a domestic insurer has been entered, the receiver appointed under the order may recover on behalf of the insurer either of the following if made within one year preceding the filing of the petition for liquidation, conservation, or rehabilitation:   a. From a parent corporation, holding company, affiliate, or other person who otherwise controlled the insurer, the amount of distributions, other than distributions of shares of the same class of stock, paid by the insurer on its capital stock.   b. Any payment in the form of a bonus, termination settlement, or extraordinary lump sum salary adjustment made by the insurer or a subsidiary of the insurer to a director, officer, agent, or employee.   2. A distribution is not recoverable if the parent holding company, affiliate, or other person shows that when the distribution was paid it was lawful and reasonable, and that the insurer did not know and could not reasonably have known that the distribution might adversely affect the ability of the insurer to fulfill its contractual obligations.   3. A parent corporation, holding company, affiliate, or other person who otherwise controlled the insurer or affiliate at the time the distributions were paid is liable only up to the amount of distributions or payments under subsection 1 that the person received. A person who otherwise controlled the insurer at the time the distributions were declared is liable only up to the amount of distributions the person would have received if the person had been paid immediately. If two or more persons are liable with respect to the same distributions, each shall be separately liable for their distributive share.   4. The maximum amount recoverable under this section shall be the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer and to reimburse any guaranty funds.   5. To the extent that a person liable under subsection 3 is insolvent or otherwise fails to pay claims due from the person pursuant to this section, the person’s parent corporation, holding company, affiliate, or other person who otherwise controlled it at the time the distribution was paid, is separately liable for its share of any resulting deficiency in the amount recovered from the parent corporation, holding company, affiliate, or other person who otherwise controlled it.  86 Acts, ch 1102, §24; 87 Acts, ch 115, §67
IA Code § 521A.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.12 - Revocation, suspension, or nonrenewal of insurer’s license.

521A.12 Revocation, suspension, or nonrenewal of insurer’s license.   Whenever it appears to the commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interest of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer’s license or authority to do business in this state for such period as the commissioner finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.  [C71, 73, 75, 77, 79, 81, §521A.12]
IA Code § 521A.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS|Section 521A.13 - Judicial review.

521A.13 Judicial review.   Judicial review of the actions of the commissioner may be sought in accordance with the terms of the Iowa administrative procedure Act, chapter 17A.  [C71, 73, 75, 77, 79, 81, §521A.13]  2003 Acts, ch 44, §114
IA Code § 521B.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.1 - Short title.

521B.1 Short title. Repealed by  2013 Acts, ch 39, §7, 8, 11  .
IA Code § 521B.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.2 - Credit allowed a domestic ceding insurer.

521B.2 Credit allowed a domestic ceding insurer. Repealed by 2013 Acts, ch 39, §7, 8, 11.
IA Code § 521B.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.3 - Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer.

521B.3 Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer. Repealed by 2013 Acts, ch 39, §7, 8, 11.
IA Code § 521B.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.4 - Qualified United States financial institutions.

521B.4 Qualified United States financial institutions. Repealed by 2013 Acts, ch 39, §7, 8, 11.
IA Code § 521B.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.5 - Rules.

521B.5 Rules. Repealed by 2013 Acts, ch 39, §7, 8, 11.
IA Code § 521B.101 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.101 - Purpose — legislative intent.

521B.101 Purpose — legislative intent.   1. The purpose of this chapter is to protect the interests of insureds, claimants, ceding insurers, assuming insurers, and the public generally.   2. The general assembly declares its intent to ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom insurers and reinsurers owe obligations.   3. The general assembly declares that the matters contained in this chapter are fundamental to the business of insurance in accordance with 15 U.S.C. §1011 – 1012.  2013 Acts, ch 39, §1, 11
IA Code § 521B.101A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.101A - Definitions.

521B.101A Definitions.   For purposes of this chapter, unless the context otherwise requires:   1. “Commissioner” means the commissioner of insurance.   2. “NAIC” means the national association of insurance commissioners.  2020 Acts, ch 1008, §1, 27  Section applies to all cessions under reinsurance agreements that have an inception, anniversary, or renewal date on or after July 1, 2020; 2020 Acts, ch 1008, §27  NEW section
IA Code § 521B.103 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.103 - Limited credit allowed other domestic ceding insurers.

521B.103 Limited credit allowed other domestic ceding insurers.   1. An asset or a reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of section 521B.102, shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer. The commissioner may adopt rules pursuant to section 521B.105 specifying requirements related to the valuation of assets or reserve credits, the amount and forms of security supporting reinsurance arrangements described in section 521B.105, and the circumstances pursuant to which credit shall be reduced or eliminated. The reduction shall be in the amount of funds held by or on behalf of the ceding insurer, including funds held in trust for the ceding insurer, under a reinsurance contract with the assuming insurer as security for the payment of obligations under the reinsurance contract, if the security is held in the United States subject to withdrawal solely by, and under the exclusive control of, the ceding insurer, or in the case of a trust, held in a qualified United States financial institution as defined in section 521B.104, subsection 2.   2. The security may be in the form of any of the following:   a. Cash.   b. A security listed by the securities valuation office of the NAIC, including those securities deemed exempt from filing as defined by the purposes and procedures manual of the securities valuation office and those securities qualifying as admitted assets.   c. (1) Clean, irrevocable, unconditional letters of credit, issued or confirmed by a qualified United States financial institution, as defined in section 521B.104, subsection 1, effective no later than December 31 of the year for which the filing is being made, and in the possession of, or in trust for, the ceding insurer on or before the filing date of the ceding insurer’s annual statement.   (2) A letter of credit meeting applicable standards of issuer acceptability as of the date of the issuance or confirmation of the letter of credit shall, notwithstanding the issuing or confirming institution’s subsequent failure to meet applicable standards of issuer acceptability, continue to be acceptable as security until the expiration, extension, renewal, modification, or amendment of the letter of credit, whichever occurs first.   d. Any other form of security acceptable to the commissioner.  2013 Acts, ch 39, §3, 11; 2017 Acts, ch 7, §6; 2020 Acts, ch 1008, §20, 27  Referred to in §521B.102, 521B.104  2020 amendment applies to all cessions under reinsurance agreements that have an inception, anniversary, or renewal date on or after July 1, 2020; 2020 Acts, ch 1008, §27  Section amended
IA Code § 521B.104 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.104 - Qualified United States financial institutions.

521B.104 Qualified United States financial institutions.   1. For purposes of section 521B.103, subsection 2, paragraph “c”, a “qualified United States financial institution” means an institution that meets all of the following requirements:   a. Is organized, or in the case of a United States office of a foreign banking organization is licensed, under the laws of the United States or of any state of the United States.   b. Is regulated, supervised, and examined by United States federal or state authorities having regulatory authority over banks and trust companies.   c. Has been determined by either the commissioner or the securities valuation office of the NAIC to meet the standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose letters of credit will be acceptable to the commissioner.   2. For purposes of those provisions of this chapter specifying the institutions that are eligible to act as a fiduciary of a trust, a “qualified United States financial institution” means an institution that meets all of the following requirements:   a. Is organized, or in the case of a United States branch or agency office of a foreign banking organization is licensed, under the laws of the United States or of any state of the United States, and has been granted authority to operate with fiduciary powers.   b. Is regulated, supervised, and examined by United States federal or state authorities having regulatory authority over banks and trust companies.  2013 Acts, ch 39, §4, 11; 2014 Acts, ch 1092, §118; 2020 Acts, ch 1008, §21, 27  Referred to in §515E.3A, 521B.102, 521B.103  2020 amendment to subsection 1, paragraph c applies to all cessions under reinsurance agreements that have an inception, anniversary, or renewal date on or after July 1, 2020; 2020 Acts, ch 1008, §27  Subsection 1, paragraph c amended
IA Code § 521B.106 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.106 - Applicability.

521B.106 Applicability.   This chapter applies to all cessions under reinsurance agreements that occur on or after January 1, 2014.  2013 Acts, ch 39, §6, 11
IA Code § 521B.107 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521B - CREDIT FOR REINSURANCE|Section 521B.107 - Service of process made on the commissioner as the agent for service of process.

521B.107 Service of process made on the commissioner as the agent for service of process.   Service of process made on the commissioner as the agent for service of process shall be made as provided in section 505.30.  2018 Acts, ch 1018, §13
IA Code § 521C.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 521C - REINSURANCE INTERMEDIARIES|Section 521C.1 - Short title.

521C.1 Short title.   This chapter shall be known and may be cited as the “Reinsurance Intermediary Model Act.”  91 Acts, ch 26, §19