2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.16 - MAXIMUM PREMIUM.

        515.16  MAXIMUM PREMIUM.
         The maximum premium payable by any member of a mutual company
      shall be expressed in the policy and in the application for the
      insurance.  Such maximum may be a cash premium and an additional
      contingent premium not less than the cash premium, or may be solely a
      cash premium, which premium may be made payable in installments or
      regular assessments.  No policy shall be issued for a cash premium
      without an additional contingent premium unless the company has a
      surplus which is not less in amount than the capital stock required,
      at the time of the organization of such mutual insurance company, of
      domestic stock insurance companies writing the same kind of
      insurance; but said surplus shall not be less than one hundred
      thousand dollars.  

         [C24, 27, 31, 35, 39, § 8909; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 515.16]