§ 515a-12

515A.12 Examinations. The commissioner shall, at least once in five years, make or cause to be made an examination of each rating organization licensed in this state as provided in section 515A.6and the commissioner may, as often as the commissioner may deem it expedient, make orcause to be made an examination of each advisory organization referred to in section 515A.10and of each group, association or other organization referred to in section 515A.11. Thereasonable costs of any such examination shall be paid by the rating organization, advisoryorganization or group, association or other organization examined upon presentation to it ofa detailed account of such costs. The officers, manager, agents and employees of such ratingorganization, advisory organization, or group, association or other organization may beexamined at any time under oath and shall exhibit all books, records, accounts, documents,or agreements governing its method of operation. In lieu of any such examination thecommissioner may accept the report of an examination made by the insurance supervisoryofficial of another state, pursuant to the laws of such state.

d of operation. In lieu of any such examination thecommissioner may accept the report of an examination made by the insurance supervisoryofficial of another state, pursuant to the laws of such state. [C50, 54, 58, 62, §515A.12, 515B.12; C66, 71, 73, 75, 77, 79, 81, §515A.12]Referred to in §515A.10, 515A.11 Sat Dec 23 00:48:04 2023 Iowa Code 2024, Section 515A.12 (20, 0)