reglab/housing_qa huggingface dataset:
IA Code § 508.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.14 - Violation by domestic company — dissolution — administrative penalties.

508.14 Violation by domestic company — dissolution — administrative penalties.   1. Upon a failure of a company organized under the laws of this state to make the deposit provided in section 511.8, subsection 16, or file the statement in the time stated in section 508.11, or to file in a timely manner any financial statement required by rule of the commissioner of insurance, the commissioner of insurance shall notify the attorney general of the default, who shall at once apply to the district court of the county where the home office of the company is located for an order requiring the company to show cause, upon reasonable notice to be fixed by the court, why its business shall not be discontinued. If, upon the hearing, sufficient cause is not shown, the court shall decree its dissolution.   2. In lieu of a district court action authorized by this section, the commissioner may impose an administrative penalty of five hundred dollars upon the company. The right of the company to transact further new business in this state shall immediately cease until the requirements of this chapter have been fully complied with.   3. The commissioner may give notice to a company, which has failed to file evidence of deposit and all delinquent statements within the time fixed, that the company is in violation of this section. If the company fails to file evidence of deposit and all delinquent statements within ten days of the date of the notice, the company is subject to an additional administrative penalty of one hundred dollars for each day the failure continues.   4. Amounts received by the commissioner pursuant to subsections 2 and 3 shall be paid to the treasurer of state for deposit as provided in section 505.7.  [C73, §1171; C97, §1776; C24, 27, 31, 35, 39, §8658; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.14]  89 Acts, ch 321, §33; 97 Acts, ch 186, §7; 2009 Acts, ch 181, §67; 2020 Acts, ch 1063, §272  Subsection 1 amended
IA Code § 508.15 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.15 - Violation by foreign company.

508.15 Violation by foreign company.   Companies organized and chartered by the laws of a foreign state or country, failing to file the evidence of investment and statement within the time fixed, or failing to timely file any financial statement required by rule of the commissioner of insurance, shall forfeit and pay five hundred dollars, to be collected in an action in the name of the state and paid to the treasurer of state for deposit as provided in section 505.7, and their right to transact further new business in this state shall immediately cease until the requirements of this chapter have been fully complied with. The commissioner may give notice to a company which has failed to file within the time fixed that the company is in violation of this section and if the company fails to file the evidence of investment and statement within ten days of the date of the notice the company shall forfeit and pay the additional sum of one hundred dollars for each day the failure continues, to be paid to the treasurer of state for deposit as provided in section 505.7.  [C73, §1171; C97, §1776; C24, 27, 31, 35, 39, §8659; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.15]  83 Acts, ch 185, §48, 62; 83 Acts, ch 186, §10105, 10201, 10204; 89 Acts, ch 321, §34; 91 Acts, ch 213, §6; 2009 Acts, ch 181, §68
IA Code § 508.15A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.15A - Suspension and summary suspension.

508.15A Suspension and summary suspension.   The commissioner may do one or more of the following:   1. For a violation of Title XIII, subtitle 1, after a hearing provided pursuant to chapter 17A, order the suspension of the license or authority to transact the business of insurance within the state.   2. Upon three days’ notice, if the commissioner has reason to believe that there is imminent substantial risk to an insurer’s solvency, order the insurer to appear before the commissioner and show cause why its license or authority to do insurance business within the state should not be suspended. At the hearing to show cause, the commissioner may summarily suspend the license or authority of the insurer to do business within the state.   3. Summarily order an insurer to cease and desist from a violation, anticipated violation, or suspected violation of chapter 507B, 510, or 513A, if a hearing is provided pursuant to chapter 17A within thirty days of the summary cease and desist order.  91 Acts, ch 213, §7
IA Code § 508.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.16 - Examination.

508.16 Examination.   The commissioner of insurance at any time may make a personal examination of the books, papers, securities, and business of any life insurance company doing business in this state, or authorize any other suitable person to make the same, and the commissioner or the person so authorized may examine under oath any officer or agent of the company, or others, relative to its business and management.  [C73, §1172; C97, §1777; C24, 27, 31, 35, 39, §8660; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.16]
IA Code § 508.18 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.18 - Decree.

508.18 Decree.   The court, on the final hearing, may make the decree subject to the provisions of section 508.19 as to the appointment of a receiver, the disposition of the deposits of the company in the hands of the commissioner, and its dissolution, if a domestic company.  [C73, §1172; C97, §1777; C24, 27, 31, 35, 39, §8662; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.18]  2019 Acts, ch 24, §77  Referred to in §507.12, 508.19, 511.8(16)(b), 511.8(16)(d), 511.8(21)(b), 511.8(22)(b), 511.8(22)(c), 511.8(22)(d), 511.8(22)(e)
IA Code § 508.19 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.19 - Securities.

508.19 Securities.   The securities that are on deposit of a defaulting or insolvent company, or a company against which proceedings are pending under section 508.18, shall vest in the state for the benefit of all policyholders of the company.  [C73, §1173; C97, §1778; C24, 27, 31, 35, 39, §8663; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.19]  85 Acts, ch 228, §2; 91 Acts, ch 26, §58  Referred to in §507.12, 508.18
IA Code § 508.20 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.20 - Reinsurance securities — title vested in commissioner.

508.20 Reinsurance securities — title vested in commissioner.   The title to all securities deposited with the commissioner of insurance by any domestic life insurance company or association which has been, or hereafter shall be, reinsured by a foreign life insurance company, shall be vested in the commissioner for the use and benefit of only the policies of the company reinsured in force at the date of such reinsurance agreement.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.20]
IA Code § 508.21 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.21 - Amount to be deposited.

508.21 Amount to be deposited.   The reinsuring company shall at all times maintain such deposits in at least the amount of the net reserve, as determined by the commissioner of insurance, on all policies reinsured.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.21]
IA Code § 508.22 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.22 - Insolvency of company — procedure.

508.22 Insolvency of company — procedure.   In the event of insolvency or receivership of such reinsuring company or its successors, the commissioner shall be appointed by the district court of the state in and for Polk county as receiver of said insolvent reinsuring company, and shall proceed, subject to the court’s approval, to reinsure said policies in another life insurance company or to liquidate the deposits for the sole benefit of the reinsured policies, and pending liquidation or reinsurance, shall have the sole right to collect premiums due on such policies.  [C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.22]
IA Code § 508.25 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.25 - Policy forms — approval.

508.25 Policy forms — approval.   It shall be unlawful for any insurance company transacting business within this state, under the provisions of this chapter, to write or use any form of policy or contract of insurance, on the life of any individual in this state, until a copy of such form of policy or contract has been filed with and approved by the commissioner of insurance.  [S13, §1783-a; C24, 27, 31, 35, 39, §8668; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.25]
IA Code § 508.26 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.26 - Failure to file copy.

508.26 Failure to file copy.   Should any company decline to file a copy of its form of policies or contracts, the commissioner of insurance shall suspend its authority to transact business within the state until such forms of policies or contracts have been so filed and approved.  [S13, §1783-c; C24, 27, 31, 35, 39, §8669; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.26]
IA Code § 508.27 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.27 - Violations.

508.27 Violations. Repealed by  2004 Acts, ch 1110, §71  .
IA Code § 508.28 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.28 - Approval by commissioner — contestability of policy.

508.28 Approval by commissioner — contestability of policy.   The commissioner of insurance shall decline to approve any such form of policy or contract of insurance unless the same shall, in all respects, conform to the laws of this state applicable thereto. The policy shall be incontestable after it shall have been in force during the lifetime of the insured for two years from its date, except for nonpayment of premiums.  [SS15, §1783-b; C24, 27, 31, 35, 39, §8671; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.28]  Referred to in §514G.106
IA Code § 508.29 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.29 - Authority to write other insurance.

508.29 Authority to write other insurance.   1. Any life insurance company organized on the stock or mutual plan and authorized by its charter or articles of incorporation so to do, may in addition to such life insurance, insure, either individually or on the group plan, the health of persons and against personal injuries, disablement or death, resulting from traveling or general accidents by land or water, and insure employers against loss in consequence of accidents or casualties of any kind to employees or other persons, or to property resulting from any act of the employee or any accident or casualty to persons or property, or both, occurring in or connected with the transaction of their business, or from the operation of any machinery connected therewith, but nothing contained in this section shall be construed to authorize any life insurance company to insure against loss or injury to person, or property, or both, growing out of explosion or rupture of steam boilers. An insurer may contract with health care service providers and offer different levels of benefits to policyholders based upon the provider contracts.   2. A company insuring risks authorized by this section shall invest or hold in cash, funds equal to seventy-five percent of the aggregate reserves and policy and contract claims for such risks. Investments required by this subsection shall only be made in securities enumerated in section 511.8, and are subject to the same limitations as provided for the investment of legal reserve, and are subject to section 511.8, subsections 16, 17, and 21.  [S13, §1783-d; C24, 27, 31, 35, 39, §8672; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.29]  85 Acts, ch 239, §2; 92 Acts, ch 1162, §5; 2018 Acts, ch 1026, §156  Referred to in §508.31A
IA Code § 508.30 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.30 - Liability.

508.30 Liability. Repealed by  2008 Acts, ch 1123, §56  .
IA Code § 508.31 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.31 - Annuities.

508.31 Annuities.   Any life insurance company organized on the stock or mutual plan may grant and sell annuities.  [C35, §8673-e1; C39, §8673.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.31]
IA Code § 508.32 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.32 - Proceeds of policy held in trust.

508.32 Proceeds of policy held in trust.   1. Any life insurance company organized under the provisions of this chapter and doing business in this state, shall have the power to hold in trust the premiums or consideration paid for, or the proceeds of any life insurance policy or annuity contract, either individual or group, issued by it, upon such terms and subject to such limitations as to revocation or control by the policyholder or beneficiary thereunder, as shall have been agreed to in writing by such company and the policyholder; provided that the trust provisions contemplated in this section shall in no manner subject the corporation to any of the provisions of the laws of Iowa relating to banks or trust companies; and provided further, that the trust or trusts for premiums or considerations may be invested by such company in the manner specified in the trust instruments or agreements and held in a separate or segregated account; and provided further, that the forms of such trust agreements for beneficiaries shall be first submitted to and approved by the commissioner of insurance. The word “trust” shall include, but not be limited to settlement options and contracts issued pursuant to policies or contracts, and funds held in a separate or segregated account in connection with pension or profit-sharing plans pursuant to agreements with the policyholders.   2. As used in this section, life insurance policies and annuity contracts include accident and health insurance policies and contracts, and include undertakings, duties, and obligations incidental to or in furtherance of any such policies or contracts. As used in this section, proceeds include additions and contributions. Funds held by an insurance company as authorized by this section may be held in a separate account established pursuant to section 508A.1, except that section 508A.1, subsection 5, shall not be applicable to such account. However, funds held by an insurance company as authorized in this section shall not be chargeable with liabilities arising out of any other business the company may conduct.   3. An instrument or agreement issued or used by an insurance company as authorized by this section does not constitute a security as defined in section 502.102.  [C24, 27, 31, 35, 39, §8674; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.32]  97 Acts, ch 5, §1; 2018 Acts, ch 1041, §127; 2020 Acts, ch 1063, §273  Subsection 1 amended
IA Code § 508.32A (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.32A - Funds held in custodial or similar account.

508.32A Funds held in custodial or similar account.   1. A life insurance company organized under this chapter and doing business in this state may hold funds, including additions and contributions, as custodian in a custodial or similar account in conjunction with an accident and health insurance policy. Funds held by an insurance company as authorized by this section may be invested by such company in the manner specified in the account instrument or agreement, and may be held in a separate account established pursuant to section 508A.1. Funds held by an insurance company as authorized by this section shall not be chargeable with liabilities arising out of any other business the company may conduct.   2. An instrument or agreement issued or used by an insurance company as authorized by this section does not constitute a security as defined in section 502.102.  97 Acts, ch 5, §2; 2018 Acts, ch 1041, §127
IA Code § 508.33 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.33 - Subsidiary companies acquired.

508.33 Subsidiary companies acquired.   Any life 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 notwithstanding any other provisions of this subtitle inconsistent herewith may do all of the following:   1. Invest funds from surplus for such purpose.   2. Make loans to such subsidiaries.   3. Permit all or part of its officers and directors to serve as officers or directors of such subsidiary companies.  [C66, 71, 73, 75, 77, 79, 81, §508.33]  2011 Acts, ch 34, §116  Referred to in §511.8(18)(b)
IA Code § 508.34 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.34 - Required to be separate company.

508.34 Required to be separate company.   Any subsidiary company shall be a separate and distinct company, with neither the organizing or acquiring life company nor such subsidiary having any liability to the creditors, policyholders or stockholders, if any, of the other. The organizing or acquiring company may be either a mutual or stock company.  [C66, 71, 73, 75, 77, 79, 81, §508.34]
IA Code § 508.35 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.35 - Qualifications to do business.

508.35 Qualifications to do business.   Any such subsidiary company organized by any such life insurance company shall comply with all the laws of the state of its incorporation pertaining to the organization and qualification to do business of its class or kind, and if incorporated outside of the state of Iowa shall be admitted to do business in this state only upon qualification under the laws of the state of Iowa relating to such foreign corporations.  [C66, 71, 73, 75, 77, 79, 81, §508.35]
IA Code § 508.39 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508 - LIFE INSURANCE COMPANIES|Section 508.39 - Dividends.

508.39 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.  88 Acts, ch 1112, §603
IA Code § 508A.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508A - VARIABLE ANNUITIES AND LIFE INSURANCE|Section 508A.2 - Statement of variables.

508A.2 Statement of variables.   Any contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurance company in determining the dollar amount of such variable benefits. Any such contract under which the benefits vary to reflect investment experience, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state that such dollar amount will so vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.  [C75, 77, 79, 81, §508A.2]
IA Code § 508A.3 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508A - VARIABLE ANNUITIES AND LIFE INSURANCE|Section 508A.3 - License requirements.

508A.3 License requirements.   No company shall deliver or issue for delivery within this state variable contracts unless it is licensed or organized to do a life insurance or annuity business in this state, and the commissioner of insurance is satisfied that its condition or method of operation in connection with the issuance of such contracts will not render its operation hazardous to the public or its policyholders in this state. In this connection, the commissioner of insurance shall consider among other things:   1. The history and financial condition of the company;   2. The character, responsibility and fitness of the officers and directors of the company; and   3. The law and regulation under which the company is authorized in the state of domicile to issue variable contracts. The state of entry of an alien company shall be deemed its place of domicile for that purpose. If the company is a subsidiary of an admitted life insurance company, or affiliated with such company through common management or ownership, it may be deemed by the commissioner of insurance to have met the provisions of this section if either it or the parent or the affiliated company meets the requirements hereof.  [C75, 77, 79, 81, §508A.3]
IA Code § 508A.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508A - VARIABLE ANNUITIES AND LIFE INSURANCE|Section 508A.4 - Authority of commissioner.

508A.4 Authority of commissioner.   Notwithstanding any other provision of law, the commissioner of insurance shall have sole authority to regulate the issuance and sale of variable contracts, and to issue such reasonable rules and regulations as may be appropriate to carry out the purposes and provisions of this chapter.  [C75, 77, 79, 81, §508A.4]
IA Code § 508A.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 508A - VARIABLE ANNUITIES AND LIFE INSURANCE|Section 508A.5 - Other provisions applicable.

508A.5 Other provisions applicable.   Except for section 508.37 and section 509.2, subsection 1, and except as otherwise provided in this chapter, all pertinent provisions of chapters 508, 509, 511, and 522B shall apply to separate accounts and contracts relating thereto. Any individual variable life insurance contract, delivered or issued for delivery in this state, shall contain nonforfeiture provisions appropriate to such a contract. Any group variable life insurance contract, delivered or issued for delivery in this state, shall contain a grace provision appropriate to such a contract. The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.  [C75, 77, 79, 81, §508A.5]  2001 Acts, ch 16, §7, 37