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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515C - MORTGAGE GUARANTY INSURANCE
515C.2 - ELIGIBILITY FOR INSURANCE.

        515C.2  ELIGIBILITY FOR INSURANCE.
         Eligibility for mortgage guaranty insurers shall be as follows:
         1.  An insurer, in order to qualify for writing mortgage guaranty
      insurance, must have the same surplus to policyholders as that
      required of a multiple line company by section 515.49, subsection 8.

         2.  An insurer transacting any class of insurance other than
      mortgage guaranty insurance is not eligible for the issuance of a
      certificate of authority to transact mortgage guaranty insurance in
      this state, nor the renewal thereof.
         3.  A foreign or alien insurer writing mortgage guaranty insurance
      shall not be eligible for the issuance of a certificate of authority
      in Iowa unless it has demonstrated a satisfactory operating
      experience in its state of domicile.
         Section History: Early Form
         [C66, 71, 73, 75, 77, 79, 81, § 515C.2]

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