2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521 - CONSOLIDATION, MERGER, AND REINSURANCE
521.2 - CONSOLIDATION, MERGER, AND REINSURANCE.

        521.2  CONSOLIDATION, MERGER, AND REINSURANCE.
         1.  One or more domestic mutual insurance companies organized
      under chapter 491 may merge or consolidate with a domestic or foreign
      mutual insurance company as provided in this chapter.  Sections
      491.102 through 491.105 shall not be applicable to a merger or
      consolidation of a domestic mutual insurance company pursuant to this
      chapter.
         2.  One or more domestic insurance companies organized under
      chapter 490 may merge with a domestic or foreign insurance company as
      provided in chapter 490 with the approval of the commission pursuant
      to this chapter.
         3.  The provisions of this chapter shall not be applicable to the
      merger or consolidation of a domestic mutual company with a stock
      company pursuant to chapter 508B or chapter 515G.
         4.  A domestic insurance company shall not assume or reinsure the
      whole or any part of the risks of any other company, except as
      provided in this chapter.  However, this chapter shall not be
      construed to prevent any company, as defined in section 521.1, from
      reinsuring a fractional part of any risk.  

         Section History: Early Form

         [S13, § 1821-n; C24, 27, 31, 35, 39, § 9105; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 521.2] 

         Section History: Recent Form

         95 Acts, ch 185, §42; 2006 Acts, ch 1117, §99; 2007 Acts, ch 137,
      §21; 2009 Acts, ch 145, §51