Iowa Insurance Commissioner Nick Gerhart announced Friday that the Iowa Insurance Division has signed a memorandum of understanding with the International Association of Insurance Supervisors. Through the membership, the division is able to exchange relevant information with and provide assistance to other signatories, thereby promoting the financial stability and sound supervision of cross-border insurance operations for the benefit and protection of consumers. “Joining this international memorandum of understanding is an important step forward for the industry the Iowa Insurance Division regulates,” Gerhart said in a press release. There are now 48 jurisdictions, including 10 U.S. states, admitted as signatories to the International Association of Insurance Supervisors Multilateral Memorandum of Understanding, representing more than 63 percent of worldwide premium volume.