Iowa Code 507C.48 – Disposition of records during and after termination of liquidation
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 507C.48
- Commissioner: means the commissioner of insurance and any successor in office. See Iowa Code 507C.2
- Insurer: means a person who has done, purports to do, is doing or is licensed to do insurance business, and is or has been subject to the authority of, or to liquidation, rehabilitation, reorganization, supervision, or conservation by an insurance commissioner. See Iowa Code 507C.2
If it appears to the commissioner that the records of an insurer in process of liquidation or completely liquidated are no longer useful, the commissioner may recommend to the court and the court shall direct what records shall be retained for future reference and what shall be destroyed.