§ 521d-2

521D.2 Report. 1. An insurer domiciled in this state shall file a report with the commissioner disclosing material acquisitions and dispositions of assets, or material nonrenewals, cancellations,or revisions of ceded reinsurance agreements unless such acquisitions and dispositions ofassets, or material nonrenewals, cancellations, or revisions of ceded reinsurance agreementshave been submitted to the commissioner for review, approval, or information purposespursuant to other provisions of this subtitle or pursuant to other requirements. The reportshall be filed not later than fifteen days after the end of the calendar year in which thematerial acquisition or disposition of assets, or material nonrenewal, cancellation, orrevision of ceded reinsurance agreements occurs. 2. The insurer shall also file a copy of the report required to be filed with the commissioner pursuant to subsection 1, including any exhibits or other attachments filed as part of thereport, with the national association of insurance commissioners. 3. a. All reports obtained by or disclosed to the commissioner and the national association of insurance commissioners pursuant to this chapter are confidential and shall

of insurance commissioners. 3. a. All reports obtained by or disclosed to the commissioner and the national association of insurance commissioners pursuant to this chapter are confidential and shall not be subjectto subpoena and shall not be made public by the commissioner, the national association ofinsurance commissioners, or any other person without the prior written consent of the insurerto which it pertains, unless the commissioner, after giving such insurer notice and providingan opportunity to be heard, determines that the interest of policyholders, shareholders, orthe public will be served by the publication or disclosure of the report, in which event thecommissioner may publish or disclose all or any part of the report as deemed appropriate. b. Notwithstanding this subsection, the commissioner or the national association of insurance commissioners may provide the report to the insurance regulatory agencies ofother states. 94 Acts, ch 1176, §17; 2012 Acts, ch 1023, §157Referred to in §521D.3, 521D.4 Sat Dec 23 00:52:59 2023 Iowa Code 2024, Section 521D.2 (16, 0)