House File 320 - Enrolled
House File 320
AN ACT
RELATING TO GROUP CAPITAL CALCULATION FILINGS BY CERTAIN
INSURANCE HOLDING COMPANY SYSTEMS.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 521A.4, subsection 13, paragraph a,
2 unnumbered paragraph 1, Code 2023, is amended to read as
3 follows:
4 The ultimate controlling person of every insurer subject to
5 registration shall concurrently file with the registration an
6 annual group capital calculation on or before June 30. The
7 calculation must be completed in accordance with the group
8 capital calculation instructions, and must be filed with the
9 lead state commissioner of the insurance holding company system
10 as determined by the procedures in the most recent financial
11 analysis handbook published by the NAIC. As permitted by
12 the group capital calculation instructions, the lead state
13 commissioner may allow a controlling person, other than
14 the ultimate controlling person, to file the group capital
 House File 320, p. 2
15 calculation. The following insurance holding company systems
16 are exempt from filing the group capital calculation:
______________________________ ______________________________
PAT GRASSLEY AMY SINCLAIR
Speaker of the House President of the Senate
I hereby certify that this bill originated in the House and
is known as House File 320, Ninetieth General Assembly.
______________________________
MEGHAN NELSON
Chief Clerk of the House
Approved _______________, 2023 ______________________________
KIM REYNOLDS
Governor


Statutes affected:
Introduced: 521A.4
Enrolled: 521A.4