522.1 Purpose and scope — legislative intent. 1. The purpose of this chapter is to require insurers to maintain a risk management framework and complete an own risk and solvency assessment and to provide guidance andinstructions for the filing of own risk and solvency assessment reports with the commissioner. 2. The general assembly finds and declares that own risk and solvency assessment summary reports will contain confidential and sensitive information related to an insurer’sor insurance group’s identification of risks material and relevant to the insurer or insurancegroup filing the report. This information will include proprietary and trade secret informationthat has the potential for harm and competitive disadvantage to the insurer or insurancegroup if the information is made public. It is the intent of the general assembly that ownrisk and solvency assessment summary reports filed with the commissioner are confidentialdocuments, shall be shared only as provided in this chapter and to assist the commissioner inthe performance of the commissioner’s duties, and shall not be subject to public disclosure. e confidentialdocuments, shall be shared only as provided in this chapter and to assist the commissioner inthe performance of the commissioner’s duties, and shall not be subject to public disclosure. 2013 Acts, ch 40, §1, 11 Sat Dec 23 00:53:48 2023 Iowa Code 2024, Section 522.1 (14, 0)
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