521J.25 Risk management of controlled unaffiliated business — standards.
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/ia/chapter-521j-captive-companies/521j-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner may adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a captive company. If rules are not adopted to establish standards pursuant to this section, the commissioner may approve the coverage of such risks on a case-by-case basis.