Iowa Admin. Code rr. 191-113.10

Current through Regsiter Vol. 46, No. 26, June 12, 2024
Rule 191-113.10 - Notification of adverse financial condition

A captive company shall require its certified public accountant to immediately notify an officer and all members of the board of directors of the captive company in writing of any determination by the independent certified public accountant that the captive company has materially misstated its financial condition in its report to the commissioner. The captive company shall furnish such notification to the commissioner within five business days of receipt.

Iowa Admin. Code rr. 191-113.10

Adopted by IAB April 17, 2024/Volume XLVI, Number 21, effective 5/22/2024