Thursday, September 8, 2016

No. 178: Iowa's Accounting Rules and a Petition Seeking Access to Documents

In November 2014 I posted three items about Iowa's accounting rules (Nos. 71, 72, and 73). Later I posted several other related items. Also, under Iowa's open records law, I obtained some documents from the Iowa Insurance Division (IID). However, the IID and Commissioner Nick Gerhart denied access to other documents relating to eight limited purpose subsidiaries that Iowa-domiciled life insurance companies have created.

On September 2, 2016 my attorney filed, in the Iowa District Court for Polk County, which includes Des Moines, a petition seeking judicial review of the IID's and Commissioner Gerhart's denial of access to the documents. My attorney also filed nine exhibits: my letter requesting documents, Commissioner Gerhart's letter denying the request, a report by the New York State Department of Financial Services, comments by the U.S. Financial Stability Oversight Council, a report by the U.S. Office of Financial Research, and four news stories.

Because I am a litigant, I will not comment on the case. However, I am making available two complimentary PDFs containing publicly available court documents: the petition (32 pages) and the exhibits (75 pages). Email and ask for the petition only, or the petition and the exhibits, relating to Belth v. IID and Gerhart.