2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.20 - NONFORFEITURE BENEFITS, CASH SURRENDER VALUES, CERTIFICATE LOANS, AND OTHER OPTIONS.

        512B.20  NONFORFEITURE BENEFITS, CASH SURRENDER
      VALUES, CERTIFICATE LOANS, AND OTHER OPTIONS.
         1.  For certificates issued before January 1, 1991, the value of
      every paid-up nonforfeiture benefit and the amount of any cash
      surrendered value, loan, or other option granted shall comply with
      chapter 512, Code 1989.
         2.  For certificates issued on or after January 1, 1991, for which
      reserves are computed on the commissioner's 1980 standard mortality
      table, or any more recent table made applicable to life insurers,
      every paid-up nonforfeiture benefit and the amount of any cash
      surrender value, loan, or other option granted shall not be less than
      the corresponding amount ascertained in accordance with the laws of
      this state applicable to life insurers issuing policies containing
      like benefits based upon the same tables.  

         90 Acts, ch 1148, §21