Iowa Admin. Code r. 191-25.7

Current through Register Vol. 47, No.14, January 8, 2025
Rule 191-25.7 - Reporting requirements

No insurer may participate in any military sales unless that insurer has implemented a system to report to the Iowa insurance commissioner in a manner prescribed by the commissioner any military sales disciplinary actions about which the insurer had actual awareness, or in the exercise of ordinary care should have known, at the time of the action, and unless the insurer also has reported such action to the commissioner. Failure to comply with this rule shall be a violation of this chapter and shall subject the insurer to penalties set forth in rule 191-25.8 (505).

Iowa Admin. Code r. 191-25.7

Amended by IAB December 29, 2021/Volume XLIV, Number 13, effective 2/2/2022
Adopted by IAB March 20, 2024/Volume XLVI, Number 19, effective 4/24/2024