523C.12 Optional examination. The commissioner or a designee of the commissioner may make an examination of the books and records of a service company, including copies of contracts and records of claimsand expenditures, and verify its assets, liabilities, and reserves. The actual costs of theexamination shall be borne by the service company. The costs of an examination under thissection shall not exceed an amount equal to ten percent of the service company’s reportednet income in the previous fiscal year. 83 Acts, ch 87, §13; 94 Acts, ch 1031, §18; 2019 Acts, ch 142, §9, 19 Sat Dec 23 01:02:13 2023 Iowa Code 2024, Section 523C.12 (17, 0)
Iowa Legal Code