Iowa Code 507C.54 – Ancillary summary proceedings
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 507C.54
- Commissioner: means the commissioner of insurance and any successor in office. See Iowa Code 507C.2
- Domiciliary state: means the state in which an insurer is incorporated or organized, or, in the case of an alien insurer, its state of entry. 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
- property: includes personal and real property. See Iowa Code 4.1
- State: means a state, district, or territory of the United States and the Panama Canal Zone. See Iowa Code 507C.2
In the sole discretion of the commissioner, the commissioner may institute proceedings under sections 507C.9 through 507C.11 at the request of the commissioner or other appropriate insurance official of the domiciliary state of a foreign or alien insurer having property located in this state.