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2022 Iowa Code
Title XIII - COMMERCE
Chapter 515 - INSURANCE OTHER THAN LIFE
Section 515.7 - Stock and mutual plan distinguished.
Universal Citation: IA Code § 515.7 (2022)
515.7 Stock and mutual plan distinguished.
No company shall be organized to do business upon both stock and mutual plans; nor shall a company organized as a stock company do business upon the plan of a mutual company; nor shall a company organized upon the mutual plan do business or take risks upon the stock plan.
[C73, §1159; C97, §1690; C24, 27, 31, 35, 39, §8902; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.7]
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