2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS
511.39 - CHARITABLE ORGANIZATIONS -- INSURABLE INTEREST.

        511.39  CHARITABLE ORGANIZATIONS -- INSURABLE
      INTEREST.
         A charitable organization described in section 501(c)(3) of the
      Internal Revenue Code, as defined in section 422.3, has an insurable
      interest in the life of a person who, when purchasing a life
      insurance policy, makes a donation to the charitable organization or
      makes the charitable organization the beneficiary of all or a part of
      the proceeds of the policy or joins with a charitable organization in
      applying for an insurance policy which when issued will insure that
      person's life and name the organization as owner or beneficiary of
      all or any portion of the benefits of the life insurance policy.  

         92 Acts, ch 1162, § 16
         Referred to in § 508E.13