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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.7 - STOCK AND MUTUAL PLAN DISTINGUISHED.

        515.7  STOCK AND MUTUAL PLAN DISTINGUISHED.
         No company shall be organized to do business upon both stock and
      mutual plans; nor shall a company organized as a stock company do
      business upon the plan of a mutual company; nor shall a company
      organized upon the mutual plan do business or take risks upon the
      stock plan.
         Section History: Early Form
         [C73, § 1159; C97, § 1690; C24, 27, 31, 35, 39, § 8902; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.7]

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