2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 508A - VARIABLE ANNUITIES AND LIFE INSURANCE
508A.3 - LICENSE REQUIREMENTS.

        508A.3  LICENSE REQUIREMENTS.
         No company shall deliver or issue for delivery within this state
      variable contracts unless it is licensed or organized to do a life
      insurance or annuity business in this state, and the commissioner of
      insurance is satisfied that its condition or method of operation in
      connection with the issuance of such contracts will not render its
      operation hazardous to the public or its policyholders in this state.
      In this connection, the commissioner of insurance shall consider
      among other things:
         1.  The history and financial condition of the company;
         2.  The character, responsibility and fitness of the officers and
      directors of the company; and
         3.  The law and regulation under which the company is authorized
      in the state of domicile to issue variable contracts.  The state of
      entry of an alien company shall be deemed its place of domicile for
      that purpose.  If the company is a subsidiary of an admitted life
      insurance company, or affiliated with such company through common
      management or ownership, it may be deemed by the commissioner of
      insurance to have met the provisions of this section if either it or
      the parent or the affiliated company meets the requirements hereof.
      

         [C75, 77, 79, 81, § 508A.3]