2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS
518.5 - COMMENCEMENT OF BUSINESS -- CONDITIONS.

        518.5  COMMENCEMENT OF BUSINESS -- CONDITIONS.
         A county mutual insurance association formed on or after July 1,
      2009, shall not issue policies until applications for insurance of
      not less than one hundred thousand dollars, representing at least two
      hundred applicants, have been received, and no application for
      insurance during the period of organization shall exceed two percent
      of the amount required for organization, any reinsurance taking
      effect simultaneously with the policy being deducted in determining
      such maximum single risk.  

         Section History: Early Form

         [C66, 71, 73, 75, 77, 79, 81, § 518.5] 

         Section History: Recent Form

         2009 Acts, ch 145, §27