2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
518A.27 - REINSURANCE -- QUO WARRANTO.

        518A.27  REINSURANCE -- QUO WARRANTO.
         The commissioner of insurance may address inquiries to any
      association in relation to its doings and condition and any
      association so addressed shall promptly reply thereto in writing.  If
      the commissioner of insurance is then satisfied that the association
      has failed to comply with any provisions of this law, or is exceeding
      its powers, or is not carrying out its contracts in good faith; or is
      transacting business fraudulently or soliciting insurance in
      territories where it is not legally admitted to do business, or is in
      such condition as to render the further transaction of business by it
      hazardous to the public or its policyholders, the business under the
      commissioner's supervision and with the consent of the association
      may be reinsured in some mutual association, or the commissioner may
      present the facts relating thereto to the attorney general and if the
      circumstances warrant the attorney general may commence an action in
      quo warranto in a court of competent jurisdiction.  

         [C97, § 1766; S13, § 1759-g; C24, 27, 31, 35, 39, § 9052; C46,
      50, 54, 58, 62, § 518.27; C66, 71, 73, 75, 77, 79, 81, § 518A.27]