Iowa § 519.12 Foreign companies

Iowa Statutes

§ 519.12 — Foreign companies

Iowa § 519.12

Title XIIICOMMERCE

Ch. 519LIABILITY INSURANCE — CERTAIN PROFESSIONS

This text of Iowa § 519.12 (Foreign companies) 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 § 519.12 (2026).

Text

Any mutual insurance association organized under the laws of any other state, for the
purpose of transacting the kind of business described in this chapter, and which has on
hand surplus amounting to not less than ten times the maximum single retained risk, and
has not less than two hundred fifty members, may upon application, be admitted to do
business in this state if the commissioner finds such admission is in the public interest; and
shall thereafter make all reports and be subject to taxation, examination, and supervision by
the commissioner of insurance to the same extent and in the same manner as are domestic
corporations organized under the provisions of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

Any mutual insurance association organized under the laws of any other state, for the
purpose of transacting the kind of business described in this chapter, and which has on
hand surplus amounting to not less than ten times the maximum single retained risk, and
has not less than two hundred fifty members, may upon application, be admitted to do
business in this state if the commissioner finds such admission is in the public interest; and
shall thereafter make all reports and be subject to taxation, examination, and supervision by
the commissioner of insurance to the same extent and in the same manner as are domestic
corporations organized under the provisions of this chapter.