2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 505 - INSURANCE DIVISION
505.14 - FOREIGN INSURERS -- RECIPROCAL PROVISIONS.

        505.14  FOREIGN INSURERS -- RECIPROCAL PROVISIONS.
         When by the laws of any other state a premium or income or other
      taxes, or fees, fines, penalties, licenses, deposit requirements or
      other obligations, prohibitions or restrictions are imposed upon Iowa
      insurance companies actually doing business in the other state, or
      upon the agents of the Iowa companies, which in the aggregate are in
      excess of the aggregate of the taxes, fees, fines, penalties,
      licenses, deposit requirements or other obligations, prohibitions or
      restrictions directly imposed upon insurance companies of the other
      state under the statutes of this state, the same obligations,
      prohibitions or restrictions of whatever kind are in the same manner
      and for the same purpose imposed upon insurance companies of the
      other state doing business in Iowa.  Insurance premium taxes paid
      which were not paid under protest shall not be refunded if the refund
      claim is based upon an alleged error or mistake of law or erroneous
      interpretation of statute regarding the validity or legality of this
      section under the laws or constitutions of the United States or this
      state.  For the purpose of this section, an alien insurer is deemed
      domiciled in a state designated by it wherein it has (1) established
      its principal office or agency in the United States, or (2) maintains
      the largest amount of its assets held in trust or on deposit for the
      security of its policyholders or policyholders and creditors in the
      United States, or (3) in which it was admitted to do business in the
      United States.  This section does not apply to ad valorem taxes on
      real or personal property or to personal income taxes.  

         [C46, 50, 54, § 432.2; C58, 62, 66, 71, 73, 75, 77, 79, 81, §
      505.14; 81 Acts, ch 164, § 1]
         Referred to in § 508E.7