2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.42 - TENURE OF CERTIFICATE -- RENEWAL -- EVIDENCE.

        515.42  TENURE OF CERTIFICATE -- RENEWAL --
      EVIDENCE.
         A certificate of authority shall expire on the first day of June
      next succeeding its issue, and shall be renewed annually so long as
      such company shall transact business in accordance with the
      requirements of law; a copy of which certificate, when certified to
      by the commissioner of insurance, shall be admissible in evidence for
      or against a company with the same effect as the original.  A company
      shall submit annually, on or before March 1, a completed application
      for renewal of its certificate of authority.  A company that fails to
      timely file an application for renewal shall pay an administrative
      penalty of five hundred dollars to the treasurer of state for deposit
      as provided in section 505.7.  

         Section History: Early Form

         [C73, § 1131; C97, § 1700; C24, 27, 31, 35, 39, § 8934; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.42] 

         Section History: Recent Form

         88 Acts, ch 1112, § 107; 2006 Acts, ch 1117, §67; 2009 Acts, ch
      181, §76 

         Footnotes

         For future repeal of 2009 amendment to this section, effective
      July 1, 2011, see 2009 Acts, ch 179, §146