2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.70 - ALIEN INSURER DEFINED.

        515.70  ALIEN INSURER DEFINED.
         An alien insurer is hereby defined to mean an insurance company
      incorporated or organized under the laws of any country other than
      the United States.
         An alien insurer, with the approval of the commissioner, may be
      treated as a domestic insurer of this state in whole or in part.  The
      approval of the commissioner may be based upon such factors as:
         1.  Maintenance of an appropriate trust account, surplus account,
      or other financial mechanism in this state.
         2.  Maintenance of all books and records of United States
      operations in this state.
         3.  Maintenance of a separate financial reporting system for its
      United States operations.
         4.  Any other provisions deemed necessary by the commissioner.  

         Section History: Early Form

         [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.70] 

         Section History: Recent Form

         90 Acts, ch 1234, §37