Iowa Code 523C.15 – Annual report
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 523C.15
- 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
- year: means twelve consecutive months. See Iowa Code 4.1
523C.15 Annual report.
A licensed service company that does not demonstrate financial responsibility by insuring service contracts under a reimbursement insurance policy as provided in § 523C.5, subsection 1, shall file with the commissioner an annual report no later than August 31 of each year. The annual report shall be in a form prescribed by the commissioner and contain all of the following:
1. A current financial statement including a balance sheet and statement of operations prepared in accordance with generally accepted accounting principles and certified by an independent certified public accountant.
2. Any other information relating to the performance and solvency of the service company required by the commissioner.
83 Acts, ch 87, §16; 2019 Acts, ch 142, §11, 19
A licensed service company that does not demonstrate financial responsibility by insuring service contracts under a reimbursement insurance policy as provided in § 523C.5, subsection 1, shall file with the commissioner an annual report no later than August 31 of each year. The annual report shall be in a form prescribed by the commissioner and contain all of the following:
1. A current financial statement including a balance sheet and statement of operations prepared in accordance with generally accepted accounting principles and certified by an independent certified public accountant.
2. Any other information relating to the performance and solvency of the service company required by the commissioner.
83 Acts, ch 87, §16; 2019 Acts, ch 142, §11, 19