Section 191.49.4. Documentation requirements.

An insurer shall maintain documentation and records relating to each derivative transaction transacted pursuant to Iowa Code section 511.8(22) including, but not limited to:

        1.            The purpose or purposes of the transaction;

        2.            The assets or liabilities to which the transaction relates;

        3.            The specific derivative instrument used in the transaction;

        4.            For over-the-counter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount calculated not less than quarterly; and

        5.            For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.