523.7 - STATEMENT OF STOCK OWNERSHIP FILED WITH COMMISSIONER. - Iowa Statutes

523.7 STATEMENT OF STOCK OWNERSHIP FILED WITH COMMISSIONER. 1. Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the commissioner of insurance as prescribed by rule a statement, in a form as the commissioner may prescribe, of the amount of all equity securities of the company of which the person is the beneficial owner. 2. Within the time frame prescribed by rule, if there has been a change in the ownership during a time period prescribed by rule, a person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the commissioner a statement, in a form as the commissioner may prescribe, indicating the person's ownership at the close of the time period prescribed by rule and any changes in the person's ownership as have occurred during the time period prescribed by rule.          Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 523.7]          Section History: Recent Form 2003 Acts, ch 91, §50 Referred to in § 523.11, 523.12, 523.13, 523.14