Iowa Code 505.35 – Adoption of standards by reference — rules
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 505.35
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
505.35 Adoption of standards by reference — rules.
Rules adopted by the commissioner pursuant to chapter 17A that adopt a standard by reference to another publication or portion thereof are exempt from the requirements of § 17A.6, subsection 5, with respect to the following:
1. Professional standards of practice and membership requirements established by the actuarial standards board, the American academy of actuaries, the American institute of certified public accountants, or their successor organizations.
2. The following publications of the national association of insurance commissioners:
a. Valuation manual used to establish principle-based reserves for the life insurance industry.
b. Accounting practices and procedures manual.
c. Financial examiners handbook.
d. Financial analysis handbook.
e. Annual/quarterly financial statement blank and instructions.
2023 Acts, ch 70, §13, 14
Section effective January 1, 2024; 2023 Acts, ch 70, §14
NEW section
Rules adopted by the commissioner pursuant to chapter 17A that adopt a standard by reference to another publication or portion thereof are exempt from the requirements of § 17A.6, subsection 5, with respect to the following:
1. Professional standards of practice and membership requirements established by the actuarial standards board, the American academy of actuaries, the American institute of certified public accountants, or their successor organizations.
2. The following publications of the national association of insurance commissioners:
a. Valuation manual used to establish principle-based reserves for the life insurance industry.
b. Accounting practices and procedures manual.
c. Financial examiners handbook.
d. Financial analysis handbook.
e. Annual/quarterly financial statement blank and instructions.
2023 Acts, ch 70, §13, 14
Section effective January 1, 2024; 2023 Acts, ch 70, §14
NEW section