Iowa Code 521.3 – Submission of plan and application to commissioner of insurance
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 521.3
- Commissioner: means the commissioner of insurance. See Iowa Code 510.1B
- Contract: means the same as defined in section 554D. See Iowa Code 554E.1
- Contract: A legal written agreement that becomes binding when signed.
Any company proposing to consolidate, merge, or enter into any reinsurance contract with another company shall file a plan and an application in support of the plan with the commissioner. The plan shall set forth the terms of the proposed contract of consolidation, merger, or reinsurance, along with any other information requested by the commissioner.