506.2 Sale of securities restricted.
Neither the securities in a domestic insurance company, nor securities in a holding company, one of the purposes of which is to organize, purchase, or otherwise acquire control of a domestic insurance company, nor membership in an association in process of organization shall be sold or solicited until such company or association, and the promoters thereof, shall have first complied with all of the statutory provisions regulating the organization of such companies and associations, and also have secured from the commissioner of insurance a certificate indicating full compliance with the provisions of this chapter.
[S13, §1683-r3; C24, 27, 31, 35, 39, §8616; C46, 50, 54, 58, 62, §506.1; C66, 71, 73, 75, 77, 79, 81, §506.2]
88 Acts, ch 112, §501
Structure Iowa Code
Chapter 506 - DOMESTIC INSURANCE COMPANIES
Section 506.1 - Rules — limitations.
Section 506.2 - Sale of securities restricted.
Section 506.3 - Certificate of compliance.
Section 506.4 - Maximum promotion expense allowed.
Section 506.5 - Regulation by commissioner.
Section 506.6 - Promoters restricted.
Section 506.8 - Liability to stockholders.
Section 506.9 - Judicial review.
Section 506.10 - Sale of stock as inducement to insurance.
Section 506.11 - Securities law applicable.
Section 506.12 - Principal executive office.
Section 506.13 - New officers or directors — biographical affidavit required.
Section 506.14 - Voluntary dissolution of domestic mutual insurance companies.