Iowa § 518C.4 Association established

Iowa Statutes

§ 518C.4 — Association established

Iowa § 518C.4

Title XIIICOMMERCE

Ch. 518CCOUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION

This text of Iowa § 518C.4 (Association established) 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 § 518C.4 (2026).

Text

An Iowa county and state mutual insurance guaranty association is established as a
nonprofit unincorporated legal entity. An insurer shall be a member of the association
as a condition of the insurer’s authority to transact insurance business in this state. The
association shall perform its functions under a plan of operation established and approved
pursuant to section 518C.7 and shall exercise its powers through a board of directors
established under section 518C.5. Except as otherwise provided in such plan of operation,
an annual or special meeting of members of the association may be held on call as directed
by the association’s board of directors or by the commissioner of insurance. Written notice
shall be given not less than ten days prior to the meeting by ordinary mail to each memb

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An Iowa county and state mutual insurance guaranty association is established as a
nonprofit unincorporated legal entity. An insurer shall be a member of the association
as a condition of the insurer’s authority to transact insurance business in this state. The
association shall perform its functions under a plan of operation established and approved
pursuant to section 518C.7 and shall exercise its powers through a board of directors
established under section 518C.5. Except as otherwise provided in such plan of operation,
an annual or special meeting of members of the association may be held on call as directed
by the association’s board of directors or by the commissioner of insurance. Written notice
shall be given not less than ten days prior to the meeting by ordinary mail to each member
at the member’s principal office as shown by the records in the commissioner’s office. The
notice shall state the time and place, and in the case of a special meeting, the purpose of the
meeting. Members may vote in person and ten members present in person shall constitute a
quorum for the transaction of any business.