2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 519 - LIABILITY INSURANCE == CERTAIN PROFESSIONS
519.7 - REINSURANCE RESERVE.

        519.7  REINSURANCE RESERVE.
         Such mutual insurance corporations shall, annually, set aside and
      maintain as a reinsurance reserve, an amount equal to ten percent of
      the receipts from assessments, or premium payments, during the year
      until the total amount thus accumulated shall equal forty percent,
      but not to exceed fifty percent of the amount of the annual
      assessment, or premium payment, at the rate charged for such
      insurance on all policies in force.  The reserve thus accumulated may
      be used for the payment of losses and expenses, and when so used
      shall be restored and maintained in like manner as originally
      accumulated.  

         [C24, 27, 31, 35, 39, § 9076; C46, 50, 54, 58, 62, 66, 71, 73,
      75, 77, 79, 81, § 519.7]