518.5 Commencement of business — conditions.
A county mutual insurance association formed on or after July 1, 2009, shall not issue policies until applications for insurance of not less than one hundred thousand dollars, representing at least two hundred applicants, have been received, and no application for insurance during the period of organization shall exceed two percent of the amount required for organization, any reinsurance taking effect simultaneously with the policy being deducted in determining such maximum single risk.
[C66, 71, 73, 75, 77, 79, 81, §518.5]
2009 Acts, ch 145, §27
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.