518C.5 Board of directors.
1. The board of directors of the association shall consist of the officers and directors of the mutual insurance association of Iowa or its successor association, but only if such officers and directors are employed by a corporation organized as a county mutual insurance association pursuant to chapter 518 or a state mutual insurance association pursuant to chapter 518A.
2. An officer and director of the mutual insurance association of Iowa shall serve in the same capacity on the association board as the officer or director serves the mutual insurance association of Iowa or its successor association, but only if the officer and director is employed by a corporation organized as a county mutual insurance association pursuant to chapter 518 or a state mutual insurance association pursuant to chapter 518A.
2000 Acts, ch 1035, §5; 2011 Acts, ch 70, §36
Referred to in §518C.4
Structure Iowa Code
Chapter 518C - COUNTY AND STATE MUTUAL INSURANCE GUARANTY ASSOCIATION
Section 518C.4 - Association established.
Section 518C.5 - Board of directors.
Section 518C.6 - Duties and powers of the association.
Section 518C.7 - Plan of operation.
Section 518C.8 - Duties and powers of the commissioner.
Section 518C.9 - Effect of paid claims.
Section 518C.10 - Nonduplication of recovery.
Section 518C.11 - Prevention of insolvencies.
Section 518C.12 - Examination of the association.
Section 518C.13 - Tax exemption.
Section 518C.14 - Recognition of assessments in rates.
Section 518C.16 - Stay of proceedings.
Section 518C.17 - Actions against the association.