2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.25 - ANNUAL LICENSE -- RENEWAL.

        512B.25  ANNUAL LICENSE -- RENEWAL.
         The authority of a society to transact business in this state may
      be renewed annually.  A license terminates on the first day of June
      following issuance or renewal.  A society shall submit annually on or
      before March 1 a completed application for renewal of its license.
      For each license or renewal the society shall pay the commissioner a
      fee of fifty dollars.  A society that fails to timely file an
      application for renewal shall pay an administrative penalty of five
      hundred dollars to the treasurer of state for deposit as provided in
      section 505.7.  A duly certified copy or duplicate of the license is
      prima facie evidence that the licensee is a fraternal benefit society
      within the meaning of this chapter.  

         Section History: Recent Form

         90 Acts, ch 1148, § 26; 92 Acts, ch 1162, § 18; 2006 Acts, ch
      1117, §55; 2007 Acts, ch 126, §90; 2009 Acts, ch 181, §71 

         Footnotes

         For future repeal of 2009 amendment to this section, effective
      July 1, 2011, see 2009 Acts, ch 179, §146