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Captive Insurance Director
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- The Captive Insurance Director of the Insurance Division is responsible for implementation and administration of new regulatory responsibilities enacted by the Iowa State Legislature in Senate File 549 (Iowa Code chapter 521J); The legislature established the Captive Insurance Regulatory and Supervision (CIRS) fund established in the state treasury under the control and supervision of the division.
- Propose and implement strategic methods to promote captive insurance through input from the Insurance Commissioner, Chief Operating Officer and communications s upport staff.
- Establish, with the assistance of the Chief Financial Officer, accounting procedures designed to oversee, monitor, and maintain financial records of all financial activities of captive insurance premium tax collection based on the established applicable percentages by premium volume.
- Ensure accurate and timely financial examination of captive insurance companies and captive risk retention groups chartered in Iowa.
- Ensure accurate and timely financial analysis of captive insurance companies and captive risk retention groups chartered in Iowa.
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