Iowa § 518A.37 Surplus

Iowa Statutes

§ 518A.37 — Surplus

Iowa § 518A.37

Title XIIICOMMERCE

Ch. 518ASTATE MUTUAL INSURANCE ASSOCIATIONS

This text of Iowa § 518A.37 (Surplus) 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 § 518A.37 (2026).

Text

An association organized under this chapter before July 1, 2009, shall at all times maintain
a surplus of not less than one hundred thousand dollars, or one-tenth of one percent of the
gross risk in force, whichever is greater. An association organized under this chapter on or
after July 1, 2009, shall at all times maintain a surplus of not less than two hundred thousand
dollars or one-tenth of one percent of the gross risk in force, whichever is greater.

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An association organized under this chapter before July 1, 2009, shall at all times maintain
a surplus of not less than one hundred thousand dollars, or one-tenth of one percent of the
gross risk in force, whichever is greater. An association organized under this chapter on or
after July 1, 2009, shall at all times maintain a surplus of not less than two hundred thousand
dollars or one-tenth of one percent of the gross risk in force, whichever is greater.