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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
518A.39 - "DEBT" DEFINED.

        518A.39  "DEBT" DEFINED.
         In ascertaining such corporate indebtedness, a debt shall be
      deemed to exist, on account of its liabilities on the policy
      certificates or contracts of insurance issued by it equal to the
      amount of surplus or other funds accumulated by such corporation for
      the purpose of fulfilling its policy contracts of insurance and which
      can be used for no other purpose.
         Section History: Early Form
         [C24, 27, 31, 35, 39, § 9064; C46, 50, 54, 58, 62, § 518.39;
      C66, 71, 73, 75, 77, 79, 81, § 518A.39]

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