2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS
518.17 - REINSURANCE.

        518.17  REINSURANCE.
         1.  A county mutual insurance association may reinsure a part or
      all of its coverages written pursuant to this chapter with an
      association operating under this chapter, or with any other
      association or company licensed in this state and authorized to write
      the kinds of insurance enumerated in section 518.11.
         2.  Reinsurance sufficient to protect the financial stability of
      the county mutual insurance association is also required.  In
      general, reinsurance coverage obtained by a county mutual insurance
      association shall not expose the association to losses from coverages
      written pursuant to this chapter of more than fifteen percent from
      surplus in any calendar year.  The commissioner of insurance may
      require additional reinsurance if necessary to protect the
      policyholders of the association.  

         Section History: Early Form

         [C66, 71, 73, 75, 77, 79, 81, § 518.17] 

         Section History: Recent Form

         91 Acts, ch 26, §47; 99 Acts, ch 165, §16; 2000 Acts, ch 1023,
      §38; 2002 Acts, ch 1111, §26; 2002 Acts, ch 1119, §183; 2009 Acts, ch
      145, §32
         Referred to in § 521.13