Iowa § 515.73 Additional statements — impaired capital

Iowa Statutes

§ 515.73 — Additional statements — impaired capital

Iowa § 515.73

Title XIIICOMMERCE

Ch. 515INSURANCE OTHER THAN LIFE

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Bluebook

Iowa Code § 515.73 (2026).

Text

Any company desiring to transact the business of insurance under this chapter shall also
file with the commissioner a certified copy of its charter or deed of settlement, together with a
statementunderoathofthepresidentorvicepresidentorotherchiefofficerandthesecretary
of the company for which they may act, stating the name of the company, the place where
located, the amount of its capital, with a detailed statement of the facts and items required
from companies organized under the laws of this state, and a copy of the last annual report, if

any, made under any law of the state by which such company was incorporated; and no agent
shall be allowed to transact business for any company whose capital is impaired by liabilities
as specified in this chapter to the extent of twenty percent thereo

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Any company desiring to transact the business of insurance under this chapter shall also
file with the commissioner a certified copy of its charter or deed of settlement, together with a
statementunderoathofthepresidentorvicepresidentorotherchiefofficerandthesecretary
of the company for which they may act, stating the name of the company, the place where
located, the amount of its capital, with a detailed statement of the facts and items required
from companies organized under the laws of this state, and a copy of the last annual report, if

any, made under any law of the state by which such company was incorporated; and no agent
shall be allowed to transact business for any company whose capital is impaired by liabilities
as specified in this chapter to the extent of twenty percent thereof, while such deficiency shall
continue.