There is a newer version of the Iowa Code
2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.11 - PROHIBITED LOANS.
515.11 PROHIBITED LOANS. Capital, surplus, funds, or other assets, or any part of any or all of the foregoing, shall not be directly or indirectly loaned to an officer, director, stockholder, or employee of a company or to a relative of an officer or director of a company.Section History: Early Form
[S13, § 1783-e; C24, 27, 31, 35, 39, § 8905; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.11]Section History: Recent Form
88 Acts, ch 1112, § 401; 90 Acts, ch 1234, § 35 Referred to in § 511.23
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