reglab/statecodes huggingface dataset:
2023 Iowa Code › Title XIII - COMMERCE › Chapter 510C - PHARMACY BENEFITS MANAGER REPORTING › Section 510C.2 - Annual report to commissioner.

510C.2 Annual report to commissioner.
1. Each pharmacy benefits manager shall provide a report annually by February 15 to the commissioner that contains all of the following information regarding prescription drug benefits provided to covered persons of each third-party payor with whom the pharmacy benefits manager has contracted during the prior calendar year:
a. The aggregate dollar amount of all rebates received by the pharmacy benefits manager.
b. The aggregate dollar amount of all administrative fees received by the pharmacy benefits manager.
c. The aggregate dollar amount of all third-party payor administrative service fees received by the pharmacy benefits manager.
d. The aggregate dollar amount of all rebates received by the pharmacy benefits manager that the pharmacy benefits manager did not pass through to the third-party payor.
e. The aggregate amount of all administrative fees received by the pharmacy benefits manager that the pharmacy benefits manager did not pass through to the third-party payor.
f. The aggregate retained rebate percentage as calculated by dividing the dollar amount in paragraph “d” by the dollar amount in paragraph “a”.
g. Across all third-party payor clients with whom the pharmacy benefits manager was contracted, the highest and the lowest aggregate retained rebate percentages.
2. a. A pharmacy benefits manager shall provide the information pursuant to subsection 1 to the commissioner in a format approved by the commissioner that does not directly or indirectly disclose any of the following:
(1) The identity of a specific third-party payor.
(2) The price charged by a specific pharmaceutical manufacturer for a specific prescription drug or for a class of prescription drugs.
(3) The amount of rebates provided for a specific prescription drug or class of prescription drugs.
b. Information provided under this section by a pharmacy benefits manager to the commissioner that may reveal the identity of a specific third-party payor, the price charged by a specific pharmaceutical manufacturer for a specific prescription drug or class of prescription drugs, or the amount of rebates provided for a specific prescription drug or class of prescription drugs shall be considered a confidential record and be recognized and protected as a trade secret pursuant to section 22.7, subsection 3.
3. The commissioner shall publish, within sixty calendar days of receipt, the nonconfidential information received by the commissioner on a publicly accessible internet site. The information shall be made available to the public in a format that complies with subsection 2, paragraph “a”.
2019 Acts, ch 88, §2; 2020 Acts, ch 1063, §282 – 284; 2022 Acts, ch 1113, §18 – 21, 23
Subsection 1, unnumbered paragraph 1 amended
Subsection 1, paragraphs c, d, e, and g amended
Subsection 2, paragraph a, subparagraph (1) amended
Subsection 2, paragraph b amended
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.1 - Annual statement of foreign companies.

511.1 Annual statement of foreign companies.
Every company or association organized under the laws of any other state or country and doing business in this state shall annually, by the first day of March, file with the commissioner of insurance a statement of its affairs for the year terminating on the thirty-first day of December preceding, in the same manner and form provided for similar companies or associations organized in this state.
[C73, §1166; C97, §1799; C24, 27, 31, 35, 39, §8728; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.1]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.2 - Amended forms of statement.

511.2 Amended forms of statement.
The commissioner may amend the form of the annual statement required to be made by companies or associations doing business in this state, and propose and require such additional matter to be covered therein as the commissioner may think necessary to elicit a full exhibit of the standing of any such company or association.
[C73, §1168; C97, §1799; C24, 27, 31, 35, 39, §8729; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.2]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.4 - Advertisements — who deemed agent.

511.4 Advertisements — who deemed agent.
The provisions of section 515.105 shall apply to life insurance companies and associations.
[C97, §1815; C24, 27, 31, 35, 39, §8731; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.4]
2001 Acts, ch 16, §8, 37; 2001 Acts, ch 69, §12; 2007 Acts, ch 152, §57
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.7 - Recovery of penalties.

511.7 Recovery of penalties.
Actions brought to recover any of the penalties provided for in this chapter shall be instituted in the name of the state by the county attorney of the county, under the direction and authority of the commissioner of insurance, and may be brought in the district court of any county in which the company or association proceeded against is engaged in the transaction of business, or in which the offending person resides, if it is against the person. The penalties, when recovered, shall be paid to the treasurer of state for deposit in the general fund of the state.
[C73, §1178; C97, §1802; C24, 27, 31, 35, 39, §8734; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.7]
83 Acts, ch 185, §49, 62; 83 Acts, ch 186, §10106, 10201, 10204
Referred to in §331.756(60)
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.8A - Agricultural land.

511.8A Agricultural land.
Agricultural land, as defined in section 9H.1, acquired as provided in section 511.8, subsection 10, paragraph “b”, by a life insurance company or association incorporated by or organized under the laws of this or any other state, shall be sold or otherwise disposed of by the company or association within five years after title is vested in the company or association. A life insurance company or association is a corporation for purposes of chapter 9H.
89 Acts, ch 311, §30
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.9 - Violations.

511.9 Violations.
The commissioner shall have authority to suspend or revoke the certificate of authority of any company or association failing to comply with any of the provisions of section 511.8, or for violating the same.
[SS15, §1806; C24, 27, 31, 35, 39, §8745; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.9]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.10 - Rule of valuation.

511.10 Rule of valuation.
1. All bonds or other evidences of debt having a fixed term and rate, held by any fraternal beneficiary association authorized to do business in this state may, if amply secured and not in default as to principal and interest, be valued as follows:
a. If purchased at par, at the par value.
b. If purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made.
2. Provided that the purchase price shall in no case be taken at a higher figure than the actual market value at the time of purchase.
3. The commissioner of insurance shall have full discretion in determining the method of calculating values according to the foregoing rule.
[C24, 27, 31, 35, 39, §8746; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.10]
2012 Acts, ch 1023, §157
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.11 - Prohibited loans.

511.11 Prohibited loans.
No insurance company or association organized under the statutes of this state to transact an insurance business, shall invest its capital, surplus funds, or other assets, in or loan the same on property owned by any officer or director of such company or by any of the immediate members of the family of any such officer or director.
[C24, 27, 31, 35, 39, §8748; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.11]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.12 - Officers not to profit by investments.

511.12 Officers not to profit by investments.
An officer or director of a life insurance company or association shall not profit from the investment of funds of the company.
[C24, 27, 31, 35, 39, §8749; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.12]
2021 Acts, ch 80, §321
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.13 - Disbursements — vouchers — affidavit.

511.13 Disbursements — vouchers — affidavit.
No domestic life insurance company shall make any disbursement of one hundred dollars or more unless the same be evidenced by a voucher signed by or on behalf of the person, firm, or corporation receiving the money and correctly describing the consideration for the payment. If the expenditure be for both services and disbursements the voucher shall set forth the services rendered and an itemized statement of the disbursements made. When such voucher cannot be obtained the expenditure shall be evidenced by an affidavit of some officer or agent of said company describing the character and object of the expenditure and stating the reason for not obtaining such voucher.
[S13, §1820-a; C24, 27, 31, 35, 39, §8750; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.13]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.14 - Taxes — from what funds payable.

511.14 Taxes — from what funds payable.
In case this or any other state shall impose or levy any tax on any company or association, the same may be paid from any surplus or emergency fund of such company or association.
[C97, §1821; C24, 27, 31, 35, 39, §8751; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.14]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.16 - Illegal business.

511.16 Illegal business.
It shall be unlawful for any officer, manager, or agent of any life insurance company or association, with knowledge that it is doing business in an unlawful manner or is insolvent, to solicit or receive applications for insurance with the company or association, or to do any other act or thing toward procuring or receiving any new business for the company or association.
[C97, §1814; C24, 27, 31, 35, 39, §8755; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.16]
2004 Acts, ch 1110, §32
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.17 - Contracts void — recovery — damages — attorney fees.

511.17 Contracts void — recovery — damages — attorney fees.
All contracts, promises, and agreements made by any person to or with any such company or association concerning any premium, policy, or certificate of new business, after the revocation of its certificates or denial of authority to do business, shall be null and void, and all payments of premium or assessments advanced or made by any person on account of any such policy, certificate of new business, or upon any arrangement therefor, may be recovered from such company or association, or its agent to whom payment was advanced or made, or from both of them, and in addition thereto plaintiff may recover an equal amount as liquidated damages, together with a reasonable fee to plaintiff’s attorney for services in the case.
[C97, §1814; C24, 27, 31, 35, 39, §8756; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.17]
Referred to in §507.16
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.22 - May not advertise authorized capital.

511.22 May not advertise authorized capital.
No insurance company shall be permitted to advertise or publish an authorized capital, or to represent in any manner itself as possessed of any greater capital than that actually paid up and invested.
[S13, §1783-g; C24, 27, 31, 35, 39, §8761; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.22]
Referred to in §511.23
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.23 - Penalties.

511.23 Penalties.
Any person, firm, or corporation violating any of the provisions of section 511.22, sections 515.8 through 515.10, or section 515.23 or failing to comply with any of the provisions in those sections, shall be subjected to the penalties provided in sections 507.10 and 507.12.
[S13, §1783-h; C24, 27, 31, 35, 39, §8762; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.23]
2019 Acts, ch 59, §182; 2020 Acts, ch 1063, §285
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.24 - Fees from domestic and foreign companies.

511.24 Fees from domestic and foreign companies.
When not otherwise provided, a foreign or domestic life insurance company doing business in this state shall pay to the commissioner of insurance the following fees:
1. For filing an application to do business, or an application to renew a certificate of authority, fifty dollars.
2. For issuing a certificate of authority to do business in this state, or for renewing a certificate, fifty dollars.
3. For filing amended articles of incorporation, fifty dollars.
4. For issuing an amended certificate of authority, twenty-five dollars.
5. For affixing the official seal to any paper filed with the division, ten dollars.
[C73, §1183; C97, §1818; C24, 27, 31, 35, 39, §8763, 8764; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.24, 511.25; 82 Acts, ch 1003, §5]
88 Acts, ch 1112, §206, 303
Referred to in §511.26, 514B.22, 514B.33
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.26 - Fee statute — applicability.

511.26 Fee statute — applicability.
The provisions of the chapter on insurance other than life apply as to fees under this chapter and chapter 508 except as modified by section 511.24.
[C97, §1818; C24, 27, 31, 35, 39, §8765; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.26]
83 Acts, ch 101, §107; 89 Acts, ch 83, §70
Insurance other than life, chapter 515
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.27 - Commissioner as process agent.

511.27 Commissioner as process agent.
Every life insurance company and association shall, before receiving a certificate to do business in this state or any renewal of a certificate to do business in this state, file in the office of the commissioner of insurance a power of attorney and an agreement in writing that service of notice or process of any kind may be made on the commissioner that shall be as valid, binding, and effective for all purposes as if served upon the company according to the laws of this or any other state, and waiving all claim or right of error due to the filing of the power of attorney and the agreement regarding service of notice or process.
[C73, §1165; C97, §1808; C24, 27, 31, 35, 39, §8766; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.27]
2003 Acts, ch 91, §21
Referred to in §511.29
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.28 - Service of process.

511.28 Service of process.
Service of process made on the commissioner as the agent for service of process shall be made as provided in section 505.30.
[C73, §1165; C97, §1808; C24, 27, 31, 35, 39, §8767; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.28]
92 Acts, ch 1162, §15; 99 Acts, ch 165, §7; 2018 Acts, ch 1018, §5
Referred to in §511.29
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.29 - Interpretation.

511.29 Interpretation.
The provisions of sections 511.27 and 511.28 are merely additions to the general provisions of law on the subjects therein referred to, and are not to be construed to be exclusive.
[C97, §1809; C24, 27, 31, 35, 39, §8768; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.29]
Service generally, chapter 617
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.31 - Physician’s certificate — estoppel.

511.31 Physician’s certificate — estoppel.
In any case where the medical examiner, or physician acting as such, of any life insurance company or association doing business in the state shall issue a certificate of health or declare the applicant a fit subject for insurance, or so report to the company or association or its agent under the rules and regulations of the company or association, the company or association shall be estopped from setting up in defense of the action on the policy or certificate that the assured was not in the condition of health required by the policy at the time of the issuance or delivery of the policy or certificate, unless the policy or certificate was procured by or through the fraud or deceit of the assured.
[C97, §1812; C24, 27, 31, 35, 39, §8770; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.31]
2016 Acts, ch 1073, §147
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.32 - Misrepresentation of age.

511.32 Misrepresentation of age.
In all cases where it shall appear that the age of the person insured has been understated in the proposal, declaration or other instrument upon which a policy of life insurance has been founded or issued, then the amount payable under the policy shall be such as the premium paid would have purchased at the correct age; provided, however, that one who, by misstating one’s age, obtains life insurance not otherwise obtainable shall be entitled to recover from the insurer on account of such policy only the aggregate premiums paid.
[C97, §1813; C24, 27, 31, 35, 39, §8771; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.32]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.33 - Application for insurance — duty to attach to policy.

511.33 Application for insurance — duty to attach to policy.
All life insurance companies or associations organized or doing business in this state under the provisions of the preceding chapters shall, upon the issue of any policy, attach to such policy, or endorse thereon, a true copy of any application or representation of the assured which by the terms of such policy are made a part thereof, or of the contract of insurance, or referred to therein, or which may in any manner affect the validity of such policy, or, upon reinstatement of a lapsed policy, shall attach to the renewal receipt a true copy of all representations made by the assured upon which the renewal or reinstatement is made.
[C97, §1819; C24, 27, 31, 35, 39, §8772; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.33]
Referred to in §511.34
Similar provisions, §515.133
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.34 - Failure to attach — defenses — estoppel.

511.34 Failure to attach — defenses — estoppel.
The omission so to do shall not render the policy invalid, but if any company or association neglects to comply with the requirements of section 511.33, the company or association shall forever be precluded from pleading, alleging, or proving such application or representations, or any part thereof, or the falsity thereof, or any part thereof, in any action upon the policy, and the plaintiff in any such action shall not be required, in order to recover against the company or association, either to plead or prove such application or representation, but may do so at the plaintiff’s option.
[C97, §1819; C24, 27, 31, 35, 39, §8773; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.34]
2016 Acts, ch 1011, §94
Similar provisions, §515.134
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.35 - Limitation on proofs of loss.

511.35 Limitation on proofs of loss.
No stipulation or condition in any policy or contract of insurance or beneficiary certificate issued by any company or association mentioned or referred to in this chapter, limiting the time to a period of less than one year after knowledge by the beneficiary within which notice or proofs of death or the occurrence of other contingency insured against must be given, shall be valid.
[C97, §1820; S13, §1820; C24, 27, 31, 35, 39, §8774; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.35]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.38 - Interest on delayed claims payments.

511.38 Interest on delayed claims payments.
1. When an insurance policy provides for the payment of its proceeds to a beneficiary upon the death of an individual and, without the written consent of the beneficiary, the company fails or refuses to pay the proceeds within thirty days after receipt of satisfactory proof of death, the company shall pay interest on the proceeds or any amount of the proceeds not paid within the thirty days, provided, however, if the policy requires a beneficiary to survive for a designated period after the death of the insured, the company shall pay interest on the proceeds or any amount of the proceeds not paid within thirty days after the designated period.
2. The interest owed on any amount of the proceeds of a policy under this section shall be computed from the date of receipt of the proof of death. The rate of interest shall be the higher of the following:
a. The effective rate of interest charged by the company on policy loans under section 511.36 on the date of receipt of proof of death.
b. The effective rate of interest paid by the company on death proceeds left on deposit with the company.
3. A payment of interest shall not be required under this section in any case in which the beneficiary elects to receive the proceeds under the policy by any means other than a lump sum payment.
89 Acts, ch 321, §35
Referred to in §507B.4
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.39 - Charitable organizations — insurable interest.

511.39 Charitable organizations — insurable interest.
A charitable organization described in section 501(c)(3) of the Internal Revenue Code, as defined in section 422.3, has an insurable interest in the life of a person who, when purchasing a life insurance policy, makes a donation to the charitable organization or makes the charitable organization the beneficiary of all or a part of the proceeds of the policy or joins with a charitable organization in applying for an insurance policy which when issued will insure that person’s life and name the organization as owner or beneficiary of all or any portion of the benefits of the life insurance policy.
92 Acts, ch 1162, §16
Referred to in §508E.13
2023 Iowa Code › Title XIII - COMMERCE › Chapter 511 - PROVISIONS APPLICABLE TO LIFE INSURANCE COMPANIES AND ASSOCIATIONS › Section 511.40 - Employer — insurable interest in employees.

511.40 Employer — insurable interest in employees.
1. As used in this section, “employees” includes officers, managers, and directors of an employer, and the shareholders, partners, members, proprietors, or other owners of the employer.
2. An employer and a trust established by the employer for the benefit of the employer or for the benefit of the employer’s active or retired employees has an insurable interest in each of the lives of the employer’s active or retired employees and may insure their lives on an individual or group basis.
3. The amount of coverage on the lives of nonmanagement or nonkey employees shall be reasonably related to the benefit provided to the employees.
4. On and after July 1, 2003, an employer or trust shall obtain the written consent of each employee being insured by an employer and trust pursuant to this section before insuring the employee’s life. The consent shall include an acknowledgment by the employee that the employer or trust may maintain the life insurance after the employee is no longer employed by the employer. An employer shall not retaliate in any manner against an employee who refuses to consent.
5. a. The gross amount of premiums received by a life insurance company or association for an employer-owned life insurance contract which has not been allocated to another state shall be allocated to this state for purposes of section 432.1, subsection 1, if either of the following is applicable:
(1) The contract is issued or delivered in this state.
(2) The company or association is domiciled in this state.
b. To the extent that premiums are allocated to this state pursuant to paragraph “a”, the provisions of section 505.14 are not applicable to those premiums.
c. As used in this subsection, “employer-owned life insurance contract” means a policy which provides coverage on a life for which the employer has an insurable interest under this section or a similar provision of the laws of another state and the policy is owned by either the employer or a trust established by the employer for the benefit of the employer or the employer’s active or retired employees.
2003 Acts, ch 91, §22; 2013 Acts, ch 124, §15
Referred to in §508E.13
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.1 - Definitions.

512A.1 Definitions.
When used in this chapter:
1. A “benevolent association” shall mean any person, firm, company, partnership, association or corporation, organized to enroll persons as members of a group for the purpose of providing an agency by which persons so enrolled may in the event of the death of any other member of the group make voluntary contributions to be distributed in whole or in part by the benevolent association to the beneficiary of the deceased member, or to members as contribution towards expense incurred by accident or sickness.
2. A “member” shall be any person who participates in a plan or agreement to make voluntary contribution through a benevolent association.
3. “Commissioner” when used in this chapter shall mean the commissioner of insurance.
[C71, 73, 75, 77, 79, 81, §512A.1]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.2 - Rules promulgated.

512A.2 Rules promulgated.
The commissioner shall promulgate such reasonable rules as the commissioner deems necessary to assure the proper operation of benevolent associations.
[C71, 73, 75, 77, 79, 81, §512A.2]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.3 - Incorporation mandatory.

512A.3 Incorporation mandatory.
Before a benevolent association shall operate in this state it shall first incorporate in accordance with the laws of this state, and the articles of incorporation and bylaws shall be submitted to the commissioner. If the commissioner finds they conform to the requirements of the law and all rules and regulations promulgated under this chapter, the commissioner shall approve the articles of incorporation and file them with the secretary of state. Every benevolent association at the time of its incorporation shall submit its general plan of operation to the commissioner and if the commissioner finds it conforms to the requirements of the law and all reasonable rules and regulations promulgated under this chapter, the commissioner shall issue a license to expire on the first day of June after issuance. The license shall be renewed from year to year upon application of the association, if the commissioner finds from examination that it has conformed to the requirements of all laws and regulations applicable thereto.
[C71, 73, 75, 77, 79, 81, §512A.3]
88 Acts, ch 1112, §106
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.4 - Records of transactions.

512A.4 Records of transactions.
The association shall keep a record of all its transactions and shall file an annual report thereof for the preceding calendar year on or before the first day of March on a form prescribed by the commissioner. The commissioner shall also prescribe the method of keeping books and accounts of benevolent associations.
[C71, 73, 75, 77, 79, 81, §512A.4]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.5 - Fees to commissioner.

512A.5 Fees to commissioner.
The following fees shall be paid to the commissioner for services required under this chapter, which shall be accounted for by the commissioner in the same manner as other fees received in the discharge of the duties of the office:
1. For filing and examination of amendments to the articles of incorporation in this state and the accompanying general plan of operation of any benevolent association, and the issuing of the permission to do business, twenty dollars.
2. For filing an annual statement of a benevolent association, and issuing the renewal of the permission required by law to authorize continuance in business, twenty-five dollars per existing unit, not to exceed three hundred dollars in the aggregate.
[C71, 73, 75, 77, 79, 81, §512A.5]
91 Acts, ch 213, §10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.6 - Contributions for expenses.

512A.6 Contributions for expenses.
Such associations may operate without the establishment of reserves or surplus except for current expenses. Contributions for expenses shall be added as a separate item to contributions for membership benefits. A reasonable membership fee to cover initial expenses may be charged.
[C71, 73, 75, 77, 79, 81, §512A.6]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.7 - Certificate of membership.

512A.7 Certificate of membership.
Within thirty days after acceptance to membership a certificate, the form of which has been approved by the commissioner, shall be delivered to each member. The certificate shall set forth the name of the association, the name of the member, a statement as to the benefits of membership, to whom such benefits are payable, and such other provisions as are, in the opinion of the commissioner, necessary to inform the member of the member’s rights in the association. The commissioner before approving any certificate shall be satisfied that any benefits to be paid a member or the beneficiary of a member are reasonable in relationship to any and all charges made or assessed against the membership. The certificate shall not indicate therein that the plan or benefits constitute an insurance policy.
[C71, 73, 75, 77, 79, 81, §512A.7]
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.8 - Violation.

512A.8 Violation.
Except as otherwise provided by law, it shall be unlawful for any person or corporation to operate a benevolent association in this state except as provided for in this chapter.
[C71, 73, 75, 77, 79, 81, §512A.8]
2004 Acts, ch 1110, §33
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.9 - Incorporation of benevolent associations prohibited.

512A.9 Incorporation of benevolent associations prohibited.
Notwithstanding any provision of this chapter to the contrary, a benevolent association shall not be incorporated or reincorporated in this state on or after July 1, 1988. A benevolent association incorporated before July 1, 1988, continues to be subject to the provisions of this chapter.
88 Acts, ch 1111, §1
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512A - BENEVOLENT ASSOCIATIONS › Section 512A.10 - Articles, amendments to articles, and bylaws.

512A.10 Articles, amendments to articles, and bylaws.
1. The articles of incorporation, and any subsequent amendments, of an organization shall be filed with and approved by the commissioner of insurance before filing with the secretary of state. An organization shall file bylaws and subsequent amendments to bylaws with the commissioner within thirty days of adoption of the bylaws and amendments.
2. The directors of a benevolent association shall have the authority to enact such bylaws and regulations not inconsistent with law as they consider necessary for the regulation and conduct of the business. A change in the bylaws shall not limit coverage under existing certificates. A benevolent association shall file with the commissioner bylaws and amendments to the bylaws within thirty days of adoption of such bylaws or amendments.
2000 Acts, ch 1023, §19; 2006 Acts, ch 1010, §138; 2009 Acts, ch 145, §9
See §512A.3
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.1 - Scope of chapter.

512B.1 Scope of chapter.
Except as otherwise provided in this chapter, societies are governed by this chapter and are exempt from all other insurance laws of this state unless expressly included in this chapter, or unless specifically made applicable by this chapter.
90 Acts, ch 1148, §1
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.2 - Definitions.

512B.2 Definitions.
As used in this chapter, unless the context otherwise requires:
1. “Alien society” means an association organized under the laws of another country.
2. “Benefit contract” means the agreement for provision of benefits authorized by section 512B.16, as that agreement is described in section 512B.19, subsection 1.
3. “Benefit member” means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract.
4. “Certificate” means the document issued as written evidence of the benefit contract.
5. “Commissioner” means the commissioner of insurance or the commissioner’s designee.
6. “Domestic society” means an association organized under the laws of this state.
7. “Foreign society” means an association organized under the laws of another state or territory of the United States.
8. “Laws” means the society’s articles of incorporation, constitution, and bylaws, however designated.
9. “Lodge” means a subordinate member unit of the society, whether known as a camp, court, council, branch, or by any other designation.
10. “Premium” means a premium, rate, dues, or other required contribution by whatever name known, which is payable under the certificate.
11. “Regulations” means all regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society.
12. “Society” means a fraternal benefit society, unless otherwise indicated.
90 Acts, ch 1148, §2
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.3 - Fraternal benefit societies — defined.

512B.3 Fraternal benefit societies — defined.
An incorporated society, order, or supreme lodge, without capital stock, including one exempted under section 512B.36, subsection 1, paragraph “b”, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with a ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this chapter, is a fraternal benefit society.
90 Acts, ch 1148, §3
Referred to in §100.19
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.4 - Lodge system.

512B.4 Lodge system.
1. A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated, or admitted in accordance with its laws, regulations, and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings at least once in each month in furtherance of the purposes of the society.
2. A society may organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of children, nor shall children have a voice or vote in the management of the society.
90 Acts, ch 1148, §4
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.5 - Representative form of government.

512B.5 Representative form of government.
A society has a representative form of government if all of the following apply:
1. It has a supreme governing body constituted in one of the following ways:
a. Assembly. The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as prescribed in the society’s laws. A society may provide for election of delegates by mail. The elected delegates must constitute a majority of the delegates in number and have not less than two-thirds of the votes and not less than the number of votes required to amend the society’s laws. The assembly must be elected and meet at least once every four years and must elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society’s laws. The board of directors may appoint the officers of the society if authorized to do so by the articles or bylaws of the society. A board of directors elected by an assembly shall have such powers authorized the board by the articles or bylaws of the society, and may or may not be a supreme governing body as described in paragraph “b”, depending upon the powers authorized by the articles or bylaws.
b. Direct election. The supreme governing body is a board of directors composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society’s laws. A society may provide for election of the board by mail. Each term of a board member must not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society’s laws. The elected board members must constitute a majority of the board members in number and have not less than the number of votes required to amend the society’s laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board must meet at least quarterly to conduct the business of the society.
2. The officers of the society are elected by the supreme governing body or board of directors.
3. Only benefit members are eligible for election to the supreme governing body, board of directors, or any intermediate assembly.
4. Each voting member has one vote.
5. A voting member is not entitled to cast a vote by proxy.
90 Acts, ch 1148, §5
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.6 - Purposes and powers.

512B.6 Purposes and powers.
1. a. A society shall operate for the benefit of members and their beneficiaries by fulfilling both of the following purposes:
(1) Providing benefits as specified in section 512B.16.
(2) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others.
b. The purposes listed in this subsection may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
2. A society may adopt laws and regulations for the government of the society, the admission of its members, and the management of its affairs. A society may amend its laws and regulations, and has other powers as necessary and incidental to carrying into effect the objects and purposes of the society.
90 Acts, ch 1148, §6; 2012 Acts, ch 1023, §112
Referred to in §512B.13
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.7 - Qualifications for membership.

512B.7 Qualifications for membership.
1. In its laws or regulations, a society shall at minimum specify all of the following:
a. Eligibility standards for each membership class. If benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen and not greater than age twenty-one.
b. The process for admission to membership for each membership class.
c. The rights and privileges of each membership class. Only benefit members shall have the right to vote on the management of the insurance affairs of the society.
2. A society may also admit social members. A social member shall have no voice or vote in the management of the insurance affairs of the society.
3. Membership rights in a society are personal to the member and are not assignable.
90 Acts, ch 1148, §7
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.8 - Location of office, meetings, communications to members, grievance procedures.

512B.8 Location of office, meetings, communications to members, grievance procedures.
1. The principal office of a domestic society shall be located in this state. The meetings of its supreme governing body may be held anywhere the society has at least one subordinate lodge, or in another location as determined by the supreme governing body, and all business transacted at a meeting held out of state shall be as valid in all respects as if the meeting were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.
2. a. A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published. Such required reports, notices, and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy.
b. Not later than June 1 of each year, a synopsis of the society’s annual statement providing an explanation of the facts concerning the condition of the society disclosed in the annual statement shall be printed and mailed to each benefit member of the society or, in lieu of mailing, the synopsis may be published in the society’s official publication.
3. A society may provide in its laws or regulations for grievance or complaint procedures for members.
90 Acts, ch 1148, §8
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.10 - Waiver.

512B.10 Waiver.
The laws of the society may provide that a subordinate body, or any of its subordinate officers or members, do not have the power or authority to waive any of the provisions of the laws of the society. A waiver prohibition provision is binding on the society and every member and beneficiary of a member.
90 Acts, ch 1148, §10
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.12 - Amendments to laws.

512B.12 Amendments to laws.
1. A domestic society may amend its laws in accordance with the provisions of its laws by action of its supreme governing body at any regular or special meeting or, if its laws so provide, by referendum. A referendum may be held in accordance with the provisions of the society’s laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. An amendment submitted for adoption by referendum shall not be adopted unless, within six months from the date of submission of the referendum, a majority of the members voting have signified their consent to the amendment by one of the methods specified in this subsection.
2. An amendment to the laws of a domestic society shall not take effect unless approved by the commissioner. The commissioner shall approve an amendment if the commissioner finds that it has been duly adopted and is not inconsistent with the laws of this state or with the character, objects, and purposes of the society. An amendment shall be considered approved, unless the commissioner disapproves the amendment in writing, within thirty days after the filing of the amendment. The disapproval of the commissioner shall be in writing and mailed to the secretary or corresponding officer of the society at its principal office. If the commissioner disapproves an amendment, the reasons for disapproval shall be stated in the written notice.
3. Within ninety days from the approval of an amendment by the commissioner, the amendment, or a synopsis of it, shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of an officer of the society or of anyone authorized by the society to mail an amendment or synopsis of an amendment, stating facts which demonstrate compliance with this subsection, is prima facie evidence that the amendment or synopsis has been furnished to the addressees.
4. A foreign or alien society authorized to do business in this state shall file with the commissioner a duly certified copy of all amendments of its laws within ninety days after their enactment.
5. Printed copies of the laws as amended, certified by the secretary, or corresponding officer of the society, are prima facie evidence of the legal adoption of the laws and amendments.
90 Acts, ch 1148, §12
2023 Iowa Code › Title XIII - COMMERCE › Chapter 512B - FRATERNAL BENEFIT SOCIETIES › Section 512B.13 - Institutions.

512B.13 Institutions.
A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by section 512B.6, subsection 1, paragraph “a”, subparagraph (2). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement. A not-for-profit institution so established is a charitable institution with all the rights, benefits, and privileges given to charitable institutions under the Constitution and laws of the State of Iowa. The commissioner may adopt appropriate rules and reporting requirements.
90 Acts, ch 1148, §13; 2006 Acts, ch 1010, §139; 2012 Acts, ch 1023, §153