2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.73 - ADDITIONAL STATEMENTS -- IMPAIRED CAPITAL.

        515.73  ADDITIONAL STATEMENTS -- IMPAIRED CAPITAL.
         Any company desiring to transact the business of insurance under
      this chapter shall also file with the commissioner a certified copy
      of its charter or deed of settlement, together with a statement under
      oath of the president or vice president or other chief officer and
      the secretary of the company for which they may act, stating the name
      of the company, the place where located, the amount of its capital,
      with a detailed statement of the facts and items required from
      companies organized under the laws of this state, and a copy of the
      last annual report, if any, made under any law of the state by which
      such company was incorporated; and no agent shall be allowed to
      transact business for any company whose capital is impaired by
      liabilities as specified in this chapter to the extent of twenty
      percent thereof, while such deficiency shall continue.  

         Section History: Early Form

         [C73, § 1144; C97, § 1722; C24, 27, 31, 35, 39, § 8954; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.75] 

         Section History: Recent Form

         2007 Acts, ch 152, §6
         CS2007, §515.73
         2008 Acts, ch 1074, §5 

         Footnotes

         Former §515.73 transferred to §515.76; 2007 Acts, ch 152, §4