Iowa Admin. Code r. 191-32.1

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 191-32.1 - Purpose

These rules implement the authority of insurance companies organized under Iowa Code chapter 508 to make deposits of securities in custodian banks or clearing corporations in order to satisfy the legal reserve requirement imposed on those companies. These rules place requirements on such deposits which are for the protection of policyholders in the state.