2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.27 - FOREIGN OR ALIEN SOCIETY -- ADMISSION.

        512B.27  FOREIGN OR ALIEN SOCIETY -- ADMISSION.
         A foreign or alien society shall not transact business in this
      state without a license issued by the commissioner.  A society
      desiring admission to this state shall substantially comply with the
      requirements and limitations of this chapter applicable to domestic
      societies.  A society may be licensed to transact business in this
      state upon filing with the commissioner all of the following:
         1.  A duly certified copy of its articles of incorporation.
         2.  A copy of its bylaws, certified by its secretary or a
      corresponding officer.
         3.  A power of attorney to the commissioner of insurance as
      prescribed in section 512B.33.
         4.  A statement of its business under oath of its president and
      secretary or corresponding officers in a form prescribed by the
      commissioner, duly verified by an examination made by the supervising
      insurance official of its state of domicile, satisfactory to the
      commissioner.
         5.  Certification from the proper official of its state of
      domicile that the society is legally incorporated and licensed to
      transact business in that state.
         6.  Copies of its certificate forms.
         7.  Other information the commissioner requires.
         8.  A showing that its assets are invested in accordance with this
      chapter.  
         Section History: Recent Form
         90 Acts, ch 1148, §28

Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.