518.25 Surplus.
An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than fifty thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater. An association organized under this chapter on or after July 1, 2009, shall at all times maintain a surplus of not less than one hundred thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater.
90 Acts, ch 1234, §70; 99 Acts, ch 165, §17; 2002 Acts, ch 1111, §27; 2009 Acts, ch 145, §36
Structure Iowa Code
Chapter 518 - COUNTY MUTUAL INSURANCE ASSOCIATIONS
Section 518.1 - Incorporation.
Section 518.2 - Articles — approval — bylaws.
Section 518.3 - Certificate — recording.
Section 518.4 - Identification as to type of insurer.
Section 518.5 - Commencement of business — conditions.
Section 518.6 - Powers of the members.
Section 518.6A - Remote participation in meetings of members.
Section 518.7 - Officers and directors — election.
Section 518.9 - Eligibility for membership.
Section 518.10 - Territorial limitations.
Section 518.11 - Kinds of insurance.
Section 518.12 - Properties to be insured.
Section 518.13 - Premium charges.
Section 518.13A - Assessments prohibited.
Section 518.15 - Reports, examinations, and renewals.
Section 518.16 - Soliciting application for insurance — license required.
Section 518.16A - Limitation on termination of independent insurance producers.
Section 518.19 - Proof of loss.
Section 518.20 - Reporting of livestock losses.
Section 518.21 - Reporting of losses of crops by hail.
Section 518.22 - Limitation of action.
Section 518.23 - Cancellation or nonrenewal of policies — notice.
Section 518.26 - Loans to officers prohibited.
Section 518.27 - Form — approval.
Section 518.28 - Failure to file copy.
Section 518.29 - Disapproval of filings.