§ 518A.2 — State mutual insurance associations

Iowa § 518A.2

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 518A: STATE MUTUAL INSURANCE ASSOCIATIONS

Text

Any association incorporated under the laws of this state for the purpose of furnishing
insurance as provided for in this chapter is authorized to do business in the county in which
its principal place of business is located, the counties contiguous thereto, and the next tier
of contiguous counties and in other states where they are legalized and authorized to do
business. Each association seeking to modify its authorized writing territory shall file with
the commissioner a plan for controlled expansion demonstrating that provisions have been
made adequately to service and protect policyholders. The expansion plan shall not be
modified without the prior written approval of the commissioner, which approval shall not
be unreasonably withheld. The words “mutual” and “association” shall be incorporated in
and become a part of their name.

Legislative History

[C97, §1760; S13, §1759-b; C24, 27, 31, 35, 39, §9030; C46, 50, 54, 58, 62, §518.2; C66, 71, 73, 75, 77, 79, 81, §518A.2]