2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.19 - ADVANCEMENT OF FUNDS.

        515.19  ADVANCEMENT OF FUNDS.
         Any director, officer, or member of any such mutual company, or
      any other person, may advance to such company, any sum or sums of
      money necessary for the purpose of its business, or to enable it to
      comply with any of the requirements of the law, and such moneys and
      such interest thereon as may have been agreed upon, not exceeding the
      maximum statutory rate of interest, shall not be a liability or claim
      against the company or any of its assets, except as herein provided,
      and upon approval of the commissioner of insurance may be repaid, but
      only out of the surplus earnings of such company.  No commissioner or
      promotion expenses shall be paid in connection with the advance of
      any such money to the company. The amount of such advance shall be
      reported in each annual statement.  

         [C24, 27, 31, 35, 39, § 8912; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 515.19]
         Referred to in § 515.12, 515.20