2016 Iowa Code
Title XIII - COMMERCE
Chapter 508 - LIFE INSURANCE COMPANIES
Section 508.7 - Loans to officers.
508.7
Loans to officers.
Except as permitted in sections 508.8 and 508.8A, the capital or other funds shall not be loaned directly or indirectly to an officer, director, stockholder, or employee of the company or directly or indirectly to a relative of an officer or director of the company.
[C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8649; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.7; 81 Acts, ch 166, §1]
91 Acts, ch 213, §4
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