2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523C - RESIDENTIAL SERVICE CONTRACTS
523C.6 - NET WORTH REQUIREMENT.

        523C.6  NET WORTH REQUIREMENT.
         A service company that has issued or renewed in the aggregate one
      thousand or less residential service contracts during the preceding
      calendar year shall maintain a minimum net worth of forty thousand
      dollars, and the minimum net worth to be maintained shall be
      increased by an additional twenty thousand dollars for each
      additional five hundred contracts or fraction thereof issued or
      renewed, up to a maximum required net worth of four hundred thousand
      dollars.  At least twenty thousand dollars of net worth shall consist
      of paid-in capital.  

         83 Acts, ch 87, § 7; 88 Acts, ch 1112, § 706; 92 Acts, ch 1078, §
      4; 99 Acts, ch 166, §12
         Referred to in § 523C.3, 523C.9