515B.10 - PREVENTION OF INSOLVENCIES.

        515B.10  PREVENTION OF INSOLVENCIES.         1. a.  To aid in the detection and prevention of insurer      insolvencies the board of directors, upon majority vote, may do      either of the following:         (1)  Make recommendations to the commissioner for the detection      and prevention of insurer insolvencies.         (2)  Respond to a request by the commissioner to discuss and make      recommendations regarding the status of member insurers whose      financial condition may be hazardous to policyholders or the public.         b.  At the conclusion of a domestic insurer insolvency, the      board of directors may prepare a report based on the information      available to the association on the history and causes of the      insolvency.  The report may be submitted to the commissioner.         2.  Recommendations and reports made pursuant to subsection 1,      paragraph "a", subparagraph (2), are not public records under      chapter 22.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 515B.10] 
         Section History: Recent Form
         86 Acts, ch 1184, § 8         Referred to in § 22.7, 515B.5