reglab/housing_qa huggingface dataset:
IA Code § 515.26 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.26 - Directors.

515.26 Directors.   The affairs of a company organized as provided by this chapter shall be managed by a number of directors of not less than five nor more than twenty-one.  [C73, §1126; C97, §1695; C24, 27, 31, 35, 39, §8918; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.26]  91 Acts, ch 213, §25; 99 Acts, ch 165, §12; 2013 Acts, ch 124, §16
IA Code § 515.27 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.27 - Election.

515.27 Election.   The annual meetings for the election of directors shall be held at such time as the articles of incorporation or bylaws of the company provide; but if for any cause no election is held, or there is a failure to elect at any annual meeting, then a special meeting for that purpose shall be held on the call of a majority of the directors, or of those persons holding a majority of the stock, or of a majority of policyholders if a mutual company, by giving thirty days’ notice thereof in some newspaper of general circulation in the county in which the principal office of the company is located.  [C73, §1127; C97, §1696; C24, 27, 31, 35, 39, §8919; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.27]
IA Code § 515.28 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.28 - Term of office.

515.28 Term of office.   The directors chosen at any such annual or special meeting shall continue in office until the next annual meeting, and until their successors are elected and have accepted.  [C73, §1127; C97, §1696; C24, 27, 31, 35, 39, §8920; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.28]
IA Code § 515.29 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.29 - Classification of directors.

515.29 Classification of directors.   A company may in its articles of incorporation provide that the board of directors be divided into classes holding for a term of not to exceed five years and providing for the election of the members of one class at each annual meeting.  [C24, 27, 31, 35, 39, §8921; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.29]  96 Acts, ch 1045, §4
IA Code § 515.30 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.30 - Election of officers.

515.30 Election of officers.   The directors shall elect a president, a secretary, and such other officers as may be necessary for transacting the business of the company.  [C73, §1128, 1129; C97, §1697, 1698; C24, 27, 31, 35, 39, §8922, 8923; C46, 50, 54, 58, 62, 66, 71, 73, 75, §515.30, 515.31; C77, 79, 81, §515.30]
IA Code § 515.31 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.31 - Filling of vacancies.

515.31 Filling of vacancies.   The directors shall have authority to fill vacancies occurring on the board of directors, and shall fill vacancies of officers occurring between regular elections.  [C73, §1128; C97, §1697; C24, 27, 31, 35, 39, §8922; C46, 50, 54, 58, 62, 66, 71, 73, 75, §515.30; C77, 79, 81, §515.31]
IA Code § 515.32 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.32 - Bylaws.

515.32 Bylaws.   The company may adopt such bylaws and regulations not inconsistent with law as shall appear to it to be necessary for the regulation and conduct of the business.  [C73, §1129; C97, §1698; C24, 27, 31, 35, 39, §8924; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.32]  2019 Acts, ch 59, §187
IA Code § 515.33 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.33 - Record and inspection.

515.33 Record and inspection.   The directors shall keep full and correct entries of their transactions, which shall at all times be open to the inspection of the stockholders if a stock company, or policyholders if a mutual company, and to the inspection of persons invested by law with the right thereof.  [C73, §1129; C97, §1698; C24, 27, 31, 35, 39, §8925; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.33]
IA Code § 515.36 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.36 - Financial statements — mutual companies.

515.36 Financial statements — mutual companies.   After complying with the requirements of the preceding sections of this chapter, the company shall file with the commissioner of insurance a satisfactory detailed statement showing the financial condition of the company, including all transactions had during its organization, together with a record of all moneys received and disbursed, a list of the stockholders, the amount of stock purchased by each, and the price paid. The incorporators or officers of such mutual company shall file the statement under oath required of stock companies.  [C73, §1131; C97, §1700; C24, 27, 31, 35, 39, §8928, 8929; C46, 50, 54, 58, 62, 66, §515.36, 515.37; C71, 73, 75, 77, 79, 81, §515.36]
IA Code § 515.37 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.37 - Subsidiary companies.

515.37 Subsidiary companies.   Any insurance company incorporated in this state may organize, or acquire by purchase, in whole or in part, subsidiary insurance and investment companies in which it owns not less than fifty-one percent of the common stock, and, subject to the approval of the insurance commissioner and provided that no company invest an amount in excess of thirty percent of its capital and surplus in the stock of such subsidiary companies, may:   1. Invest funds from surplus for each purpose.   2. Make loans to such subsidiaries.   3. Permit all or part of its officers and directors to serve as officers or directors of any such subsidiary companies.  [C71, 73, 75, 77, 79, 81, §515.37]
IA Code § 515.38 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.38 - Examination — certificate of compliance.

515.38 Examination — certificate of compliance.   Such commissioner may appoint in writing some disinterested person to make an examination and if it shall be found that the capital or assets required under this chapter of the company named, according to the nature of the business proposed to be transacted by such company, have been paid in, and are now possessed by it in money or such stock, bonds, and mortgages as are required by the preceding sections of this chapter, the commissioner shall so certify; but if the examination is made by another than the commissioner, the certificate shall be by that person, and under that person’s oath.  [C73, §1131; C97, §1700; C24, 27, 31, 35, 39, §8930; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.38]  2020 Acts, ch 1063, §288  Section amended
IA Code § 515.39 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.39 - Ownership of assets — oath.

515.39 Ownership of assets — oath.   The incorporators or officers of any such company, or proposed company, shall be required to state to the commissioner of insurance under oath that the capital or assets exhibited to the person making the examination are actually and in good faith the property of the company examined, and free and clear of any lien or claim on the part of any other person.  [C73, §1131; C97, §1700; C24, 27, 31, 35, 39, §8931; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.39]
IA Code § 515.40 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.40 - Form of certificate.

515.40 Form of certificate.   The certificate of examination of a mutual company shall be to the effect that it has received and has in its actual possession:   1. The cash premiums.   2. Actual contracts of insurance upon property, belonging to the signers thereof, and upon which the insurance applied for can properly be issued.   3. Other securities, as the case may be, to the extent and value required under this chapter.  [C97, §1700; C24, 27, 31, 35, 39, §8932; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.40]  2020 Acts, ch 1063, §289  Subsection 3 amended
IA Code § 515.41 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.41 - Certificate of authority.

515.41 Certificate of authority.   The certificate and statements above contemplated shall be filed in the division and the commissioner of insurance shall deliver to the company a copy of the report of the examination, in the event one is made, together with the commissioner’s written permission for it to commence the business proposed in its articles of incorporation, which permission shall be its authority to commence business and issue policies.  [C73, §1131; C97, §1700; C24, 27, 31, 35, 39, §8933; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.41]
IA Code § 515.42 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.42 - Tenure of certificate — renewal — evidence.

515.42 Tenure of certificate — renewal — evidence.   A certificate of authority shall expire on the first day of June next succeeding its issue, and shall be renewed annually so long as such company shall transact business in accordance with the requirements of law; a copy of which certificate, when certified to by the commissioner of insurance, shall be admissible in evidence for or against a company with the same effect as the original. A company shall submit annually, on or before March 1, a completed application for renewal of its certificate of authority. A company that fails to timely file an application for renewal shall pay an administrative penalty of five hundred dollars to the treasurer of state for deposit as provided in section 505.7.  [C73, §1131; C97, §1700; C24, 27, 31, 35, 39, §8934; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.42]  88 Acts, ch 1112, §107; 2006 Acts, ch 1117, §67; 2009 Acts, ch 181, §76
IA Code § 515.44 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.44 - Dividends.

515.44 Dividends.   The directors or managers of a stock company, incorporated under the laws of this state shall make no dividends except from the earned profits arising from their business, which shall not include contributed capital or contributed surplus.  [C73, §1136; C97, §1702; C24, 27, 31, 35, 39, §8936; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.44]  Referred to in §515.46
IA Code § 515.45 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.45 - Reserve fund required.

515.45 Reserve fund required. Repealed by  2000 Acts, ch 1023, §59, 60  .
IA Code § 515.46 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.46 - Forfeiture of certificate of authority.

515.46 Forfeiture of certificate of authority.   Any dividend made contrary to the provisions of section 515.44 or rules adopted by the commissioner shall subject the company making it to forfeiture of its certificate of authority.  [C73, §1136; C97, §1702; C24, 27, 31, 35, 39, §8938; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.46]  2000 Acts, ch 1023, §28, 60
IA Code § 515.47 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.47 - Unearned premium reserve — computation.

515.47 Unearned premium reserve — computation. Repealed by  2000 Acts, ch 1023, §59, 60  .
IA Code § 515.49 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.49 - Limitation on risks.

515.49 Limitation on risks.   A company shall not expose itself to loss on any one risk or hazard to an amount exceeding ten percent of its surplus to policyholders unless one of the following applies:   1. The excess is reinsured in some other good and reliable company licensed to sell insurance in this state.   2. The excess is reinsured by a group of individual unincorporated insurers who are authorized to sell insurance in at least one state of the United States and who possess assets which are held in trust for the benefit of the American policyholders in the sum of not less than fifty million dollars, and a certificate of such reinsurance shall be furnished to the insured.   3. The excess is reinsured with a company which has, with respect to the ceding insurer, created a trust fund, made a deposit, or obtained letters of credit, on terms satisfactory to the commissioner.  [C73, §1132; C97, §1710; S13, §1710; C24, 27, 31, 35, 39, §8941; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.49]  88 Acts, ch 1112, §403  Referred to in §515.48, 521.13
IA Code § 515.50 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.50 - Loans — reinsurance.

515.50 Loans — reinsurance. Repealed by  2007 Acts, ch 152, §84  .
IA Code § 515.51 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.51 - Policies — execution — requirements.

515.51 Policies — execution — requirements.   All policies or contracts of insurance except surety bonds made or entered into by the company may be made either with or without the seal of the company, but shall be subscribed by the president, or such other officer as may be designated by the directors for that purpose, and be attested to by the secretary or the secretary’s designee of the company. A group motor vehicle or group homeowners policy shall not be written or delivered within this state unless such policy is an individual policy or contract form.  [C73, §1133; C97, §1712; C24, 27, 31, 35, 39, §8943; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.51]  96 Acts, ch 1045, §5; 97 Acts, ch 186, §11; 2001 Acts, ch 69, §30
IA Code § 515.62 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.62 - Transfer of stock.

515.62 Transfer of stock. Repealed by  2008 Acts, ch 1074, §18  . See §515.11A.
IA Code § 515.64 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.64 - Accident insurance — record.

515.64 Accident insurance — record. Repealed by  2008 Acts, ch 1074, §18  .
IA Code § 515.66 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.66 - Annual statement of foreign company.

515.66 Annual statement of foreign company.   The annual statement of foreign companies doing business in this state shall also show, in addition to the foregoing matters, the amount of losses incurred and premiums received in the state during the preceding period, so long as such company continues to do business in this state.  [C73, §1146; C97, §1716; C24, 27, 31, 35, 39, §8948; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.66]
IA Code § 515.67 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.67 - Inquiry by commissioner.

515.67 Inquiry by commissioner. Repealed by  2007 Acts, ch 152, §84  .
IA Code § 515.68 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.68 - Changes in forms of statements.

515.68 Changes in forms of statements.   The commissioner may from time to time make changes in the forms of statements required by this chapter which seem to the commissioner best adapted to elicit from the companies a true exhibit of their condition in respect to the several points enumerated in this chapter.  [C73, §1157; C97, §1719; C24, 27, 31, 35, 39, §8950; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.68]  85 Acts, ch 228, §7
IA Code § 515.68A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.68A - Foreign companies — reinsurance.

515.68A Foreign companies — reinsurance.   A foreign company authorized to do business in this state shall not assumptively reinsure a block of business which includes policyholders residing in this state to a company not authorized to do business in this state without the prior written approval of the commissioner.  97 Acts, ch 186, §12
IA Code § 515.69 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.69 - Foreign companies — capital and surplus required.

515.69 Foreign companies — capital and surplus required.   1. A stock insurance company organized under or by the laws of any other state or foreign government for the purpose specified in this chapter, shall not, directly or indirectly, take risks or transact business of insurance in this state unless the company possesses the actual amount of capital and surplus required of any company organized pursuant to this chapter, or if the company is a mutual insurance company, the actual amount of surplus required of any mutual insurance company organized pursuant to this chapter, exclusive of assets deposited in a state, territory, district, or country for the special benefit or security of those insured in that state, territory, district, or country.   2. Notwithstanding subsection 1, a stock insurance company authorized to transact business under this section shall comply with the minimum capital and surplus requirements of this section or chapter 521E, whichever is greater.  [C73, §1144; C97, §1721; SS15, §1721; C24, 27, 31, 35, 39, §8951; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.69]  92 Acts, ch 1162, §36; 96 Acts, ch 1046, §5; 2013 Acts, ch 124, §18  Referred to in §515.143
IA Code § 515.70 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.70 - Alien insurer defined.

515.70 Alien insurer defined.   1. An “alien insurer” is hereby defined to mean an insurance company incorporated or organized under the laws of any country other than the United States.   2. An alien insurer, with the approval of the commissioner, may be treated as a domestic insurer of this state in whole or in part. The approval of the commissioner may be based upon such factors as:   a. Maintenance of an appropriate trust account, surplus account, or other financial mechanism in this state.   b. Maintenance of all books and records of United States operations in this state.   c. Maintenance of a separate financial reporting system for its United States operations.   d. Any other provisions deemed necessary by the commissioner.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.70]  90 Acts, ch 1234, §37; 2012 Acts, ch 1023, §157
IA Code § 515.71 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.71 - Deposit of securities — amount.

515.71 Deposit of securities — amount.   1. Every alien insurer authorized to transact business in this state shall at all times maintain a deposit with the commissioner of insurance in cash or in securities in which insurance companies are authorized to invest, of a sum equal to the greater of the reserve on all policies covering risks located in this state or one million dollars. The securities shall be approved, and the amount of the deposit shall be determined, by the commissioner. The commissioner, in the commissioner’s discretion, may permit the withdrawal of interest earnings.   2. In lieu of the deposit provided in this section, an alien insurer may file with the commissioner a bond of equal amount executed by a licensed United States surety company, so conditioned for the protection of Iowa creditors and policyholders.   3. An alien insurer shall not be granted a certificate of authority to transact business in this state, or a renewal of the certificate, until such deposit is made, and the commissioner may revoke the certificate of authority of an alien insurer which fails to make the deposit within a reasonable period of time.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.71]  92 Acts, ch 1162, §37; 2000 Acts, ch 1023, §29, 60; 2018 Acts, ch 1041, §127
IA Code § 515.72 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.72 - Insolvency of company — procedure.

515.72 Insolvency of company — procedure.   In the event of insolvency or receivership of any such alien insurer the title to the cash or securities so deposited shall vest in the commissioner of insurance for the use and benefit of the policies issued by said insurer and outstanding in this state, and in such event the commissioner shall be appointed receiver of said insurer by the district court, in and for Polk county, with the right, subject to the court’s approval, to reinsure said policies in some insurance company or association authorized to do business in this state, or to liquidate said deposit for the sole benefit of the policies for which said deposit was made.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.72]
IA Code § 515.73 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 515 - INSURANCE OTHER THAN LIFE|Section 515.73 - Additional statements — impaired capital.

515.73 Additional statements — impaired capital.   Any company desiring to transact the business of insurance under this chapter shall also file with the commissioner a certified copy of its charter or deed of settlement, together with a statement under oath of the president or vice president or other chief officer and the secretary of the company for which they may act, stating the name of the company, the place where located, the amount of its capital, with a detailed statement of the facts and items required from companies organized under the laws of this state, and a copy of the last annual report, if any, made under any law of the state by which such company was incorporated; and no agent shall be allowed to transact business for any company whose capital is impaired by liabilities as specified in this chapter to the extent of twenty percent thereof, while such deficiency shall continue.  [C73, §1144; C97, §1722; C24, 27, 31, 35, 39, §8954; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.75]  2007 Acts, ch 152, §6  CS2007, §515.73  2008 Acts, ch 1074, §5