2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 519 - LIABILITY INSURANCE == CERTAIN PROFESSIONS
519.12 - FOREIGN COMPANIES.

        519.12  FOREIGN COMPANIES.
         Any mutual insurance association organized under the laws of any
      other state, for the purpose of transacting the kind of business
      described in this chapter, and which has on hand surplus amounting to
      not less than ten times the maximum single retained risk, and has not
      less than two hundred fifty members, may upon application, be
      admitted to do business in this state if the commissioner finds such
      admission is in the public interest; and shall thereafter make all
      reports and be subject to taxation, examination, and supervision by
      the commissioner of insurance to the same extent and in the same
      manner as are domestic corporations organized under the provisions of
      this chapter.  
         Section History: Early Form
         [C24, 27, 31, 35, 39, § 9081; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 519.12]

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