Iowa § 518.5 Commencement of business — conditions

Iowa Statutes

§ 518.5 — Commencement of business — conditions

Iowa § 518.5

Title XIIICOMMERCE

Ch. 518COUNTY MUTUAL INSURANCE ASSOCIATIONS

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Bluebook

Iowa Code § 518.5 (2026).

Text

A county mutual insurance association formed on or after July 1, 2009, shall not issue
policies until applications for insurance of not less than one hundred thousand dollars,
representing at least two hundred applicants, have been received, and no application
for insurance during the period of organization shall exceed two percent of the amount
required for organization, any reinsurance taking effect simultaneously with the policy
being deducted in determining such maximum single risk.

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A county mutual insurance association formed on or after July 1, 2009, shall not issue
policies until applications for insurance of not less than one hundred thousand dollars,
representing at least two hundred applicants, have been received, and no application
for insurance during the period of organization shall exceed two percent of the amount
required for organization, any reinsurance taking effect simultaneously with the policy
being deducted in determining such maximum single risk.