533C.501 - AUTHORITY TO CONDUCT EXAMINATIONS.
533C.501 AUTHORITY TO CONDUCT EXAMINATIONS. 1. The superintendent may conduct an annual examination of a licensee upon reasonable notice in a record to the licensee. The superintendent may conduct an annual examination of any authorized delegate of a licensee upon reasonable notice in a record to the authorized delegate and the licensee. 2. The superintendent may examine a licensee or its authorized delegate, at any time, without notice, if the superintendent has reason to believe that the licensee or authorized delegate is engaging in an unsafe or unsound practice or has violated or is violating this chapter or a rule adopted or an order issued under this chapter. 3. The licensee shall pay the reasonable cost of the examination. 4. Information obtained during an examination under this chapter may be disclosed only as provided in section 533C.507.
Section History: Recent Form 2003 Acts, ch 96, §16, 42 Referred to in § 533C.505