Iowa § 519.2 Incorporation — powers

Iowa Statutes

§ 519.2 — Incorporation — powers

Iowa § 519.2

Title XIIICOMMERCE

Ch. 519LIABILITY INSURANCE — CERTAIN PROFESSIONS

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Bluebook

Iowa Code § 519.2 (2026).

Text

All corporations, organized for the purpose of transacting such insurance business under
the provisions of this chapter, shall incorporate under the provisions of chapter 491, and be
known as mutual corporations; and are hereby empowered to collect such assessments, or
premium payments, provided for in their articles of incorporation or bylaws, as are required
to pay losses and expenses incurred in the conduct of their business and to cede reinsurance.
Such mutual insurance corporations may issue certificates of membership, or policies; and
may provide that all assessments, or premium payments, payable thereunder, be made in
cash, or on the installment, or assessment plan.

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All corporations, organized for the purpose of transacting such insurance business under
the provisions of this chapter, shall incorporate under the provisions of chapter 491, and be
known as mutual corporations; and are hereby empowered to collect such assessments, or
premium payments, provided for in their articles of incorporation or bylaws, as are required
to pay losses and expenses incurred in the conduct of their business and to cede reinsurance.
Such mutual insurance corporations may issue certificates of membership, or policies; and
may provide that all assessments, or premium payments, payable thereunder, be made in
cash, or on the installment, or assessment plan.