513B.7 Maintenance of records. 1. A small employer carrier shall maintain at its principal place of business a complete and detailed description of its rating practices and renewal underwriting practices, includinginformation and documentation which demonstrate that its rating methods and practices arebased upon commonly accepted actuarial assumptions and are in accordance with soundactuarial principles. 2. A small employer carrier shall file each March 1 with the commissioner an actuarial certification that the small employer carrier is in compliance with this section and that therating methods of the small employer carrier are actuarially sound. A copy of the certificationshall be retained by the small employer carrier at its principal place of business. 3. A small employer carrier shall make the information and documentation described in subsection 1 available to the commissioner upon request. The information is not a publicrecord or otherwise subject to disclosure under chapter 22, and is considered proprietaryand trade secret information and is not subject to disclosure by the commissioner to personsoutside of the division except as agreed to by the small employer carrier or , and is considered proprietaryand trade secret information and is not subject to disclosure by the commissioner to personsoutside of the division except as agreed to by the small employer carrier or as ordered by acourt of competent jurisdiction. 91 Acts, ch 244, §7; 97 Acts, ch 103, §22; 98 Acts, ch 1100, §68; 2017 Acts, ch 148, §41 Sat Dec 23 00:43:40 2023 Iowa Code 2024, Section 513B.7 (19, 0)
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