Iowa Admin. Code r. 191-49.4

Current through Register Vol. 47, No. 5, August 21, 2024

Rule 191-49.4 - Documentation requirements

An insurer shall maintain documentation and records relating to each derivative transaction transacted pursuant to Iowa Code section 5118(22). including, but not limited to:

1. The purpose or purposes of the transaction;

2. The assets or liabilities to which the transaction relates;

3. The specific derivative instrument used in the transaction;

4. For over-the-coimter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount calculated not less than quarterly; and

5. For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.

Iowa Admin. Code r. 191-49.4