2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.8A - CONDITION ON RELEASE FROM DELINQUENCY PROCEEDINGS.

        507C.8A  CONDITION ON RELEASE FROM DELINQUENCY
      PROCEEDINGS.
         An insurer subject to a delinquency proceeding shall not be
      released from the delinquency proceeding unless the proceeding is
      converted into a rehabilitation or liquidation proceeding; shall not
      be permitted to solicit or accept new business, or request or accept
      the restoration of any suspended or revoked license or certificate of
      authority; and shall not be returned to the control of the insurer's
      shareholders or private management, or have any of the insurer's
      assets returned to the control of its shareholders or private
      management, until all payments of or on account of the insurer's
      contractual obligations by all guaranty associations, along with all
      expenses of such obligations and interest on all such payments and
      expenses, have been repaid to the guaranty association or a plan of
      repayment by the insurer is approved by the guaranty association.  

         92 Acts, ch 1117, § 13