Iowa § 511.39 Charitable organizations — insurable interest

Iowa Statutes

§ 511.39 — Charitable organizations — insurable interest

Iowa § 511.39

Title XIIICOMMERCE

Ch. 511PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS

This text of Iowa § 511.39 (Charitable organizations — insurable interest) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 511.39 (2026).

Text

A charitable organization described in section 501(c)(3) of the Internal Revenue Code,
as defined in section 422.3, has an insurable interest in the life of a person who, when
purchasing a life insurance policy, makes a donation to the charitable organization or makes
the charitable organization the beneficiary of all or a part of the proceeds of the policy or
joins with a charitable organization in applying for an insurance policy which when issued

will insure that person’s life and name the organization as owner or beneficiary of all or any
portion of the benefits of the life insurance policy.

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A charitable organization described in section 501(c)(3) of the Internal Revenue Code,
as defined in section 422.3, has an insurable interest in the life of a person who, when
purchasing a life insurance policy, makes a donation to the charitable organization or makes
the charitable organization the beneficiary of all or a part of the proceeds of the policy or
joins with a charitable organization in applying for an insurance policy which when issued

will insure that person’s life and name the organization as owner or beneficiary of all or any
portion of the benefits of the life insurance policy.