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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS
511.11 - PROHIBITED LOANS.

        511.11  PROHIBITED LOANS.
         No insurance company or association organized under the statutes
      of this state to transact an insurance business, shall invest its
      capital, surplus funds, or other assets, in or loan the same on
      property owned by any officer or director of such company or by any
      of the immediate members of the family of any such officer or
      director.
         Section History: Early Form
         [C24, 27, 31, 35, 39, § 8748; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 511.11]

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