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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
518A.37 - SURPLUS.

        518A.37  SURPLUS.
         An association organized under this chapter before July 1, 2009,
      shall at all times maintain a surplus of not less than one hundred
      thousand dollars, or one-tenth of one percent of the gross risk in
      force, whichever is greater.  An association organized under this
      chapter on or after July 1, 2009, shall at all times maintain a
      surplus of not less than two hundred thousand dollars or one-tenth of
      one percent of the gross risk in force, whichever is greater.
         Section History: Recent Form
         90 Acts, ch 1234, §71; 99 Acts, ch 165, §20; 2002 Acts, ch 1111,
      §29; 2009 Acts, ch 145, §46

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