2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.75 - CERTIFICATE TO FOREIGN COMPANY.

        515.75  CERTIFICATE TO FOREIGN COMPANY.
         When a foreign company has fully complied with the requirements of
      law and become entitled to do business, the commissioner of insurance
      shall issue to the company a certificate of that fact, which
      certificate shall be renewed annually on the first day of June, if
      the commissioner is satisfied that the capital, securities, and
      investments of the company remain unimpaired, and the company has
      complied with the provisions of law applicable to the company.
      However, the commissioner shall not grant or continue authority to
      transact insurance in this state to an insurer the management of
      which is found by the commissioner, after a hearing is provided, in
      which the commissioner shall establish and consider any prior
      criminal records or any other matters, to be untrustworthy or so
      lacking in insurance experience as to make the proposed operation
      hazardous to the insurance-buying public; or which, after a hearing
      is provided, the commissioner has good reason to believe is
      affiliated directly or indirectly through ownership, control,
      reinsurance transactions, or other insurance or business relations,
      with a person whose business operations are or have been marked, to
      the detriment of policyholders or stockholders or investors or
      creditors or of the public, by manipulation or dissipation of assets,
      or manipulation of accounts, or of reinsurance, or by similar
      injurious actions.  

         Section History: Early Form

         [C73, § 1146; C97, § 1724; C24, 27, 31, 35, 39, § 8956; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.77] 

         Section History: Recent Form

         91 Acts, ch 213, §27; 2007 Acts, ch 152, § 8
         CS2007, § 515.75 

         Footnotes

         Former § 515.75 transferred to § 515.73; 2007 Acts, ch 152, § 6