2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
518A.44 - REINSURANCE.

        518A.44  REINSURANCE.
         A state 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 518A.1.
         Reinsurance sufficient to protect the financial stability of the
      state mutual insurance association is required.  In general,
      reinsurance coverage obtained by an 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.  

         95 Acts, ch 185, §35; 99 Acts, ch 165, §21; 2000 Acts, ch 1023,
      §49; 2002 Acts, ch 1111, §31
         Referred to in § 521.13