2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.108 - INSURANCE IN UNAUTHORIZED COMPANIES.

        515.108  INSURANCE IN UNAUTHORIZED COMPANIES.
         No action shall be maintained in any court in the state upon any
      policy or contract of fire insurance issued upon any property
      situated in the state by any company, association, partnership,
      individual, or individuals that have not been authorized by the
      commissioner of insurance to transact such insurance business, unless
      it shall be shown that the insurer or insured, within six months
      after the issuing of such policy or contract of insurance, has paid
      into the state treasury two percent of the gross premium paid or
      agreed to be paid for such policy or contract of insurance.  

         Section History: Early Form

         [C97, § 1758; C24, 27, 31, 35, 39, § 9016; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 515.137] 

         Section History: Recent Form

         2007 Acts, ch 152, § 43
         CS2007, § 515.108 

         Footnotes

         Former § 515.108 transferred to § 515.110; 2007 Acts, ch 152, § 27