Iowa Admin. Code r. 781-16.3

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 781-16.3 - Participation agreement and program description

The following material shall be used to administer the Iowa educational savings plan trust.

(1) Each participant shall submit a participation agreement in order to open an account. The participation agreement shall be signed and dated by the participant to verify that the participant agrees to the terms and conditions of the program. For online applications, participants must confirm that they have read the terms and conditions prior to submitting the application.

(2) Each plan will have a program description setting forth the terms of the plan and describing the investments, procedures and fees applicable to that plan. Each program description shall also set forth the privacy policy adopted by the program administrator for that plan. Persons interested in a plan should consult the program description. A program description may be changed at any time by the program administrator, and any such change may impact the rights of participants and beneficiaries under the plan.

Iowa Admin. Code r. 781-16.3

Amended by IAB December 21, 2016/Volume XXXIX, Number 13, effective 1/25/2017

Amended by IAB May 22, 2019/Volume XLI, Number 24, effective 6/26/2019