520.13 Fidelity or surety bonds executed.
Fidelity or surety bonds executed by a reciprocal or interinsurance exchange pursuant to authority given by the commissioner of insurance shall be received and accepted as company or corporate bonds, provided, however, that such reciprocal companies before being permitted to qualify for writing fidelity or surety bonds shall be required to maintain a surplus of three hundred thousand dollars.
[C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §520.13]
Referred to in §520.14
Structure Iowa Code
Chapter 520 - RECIPROCAL OR INTERINSURANCE CONTRACTS
Section 520.1 - Authorization.
Section 520.2 - Execution of contract.
Section 520.3 - Office of attorney — foreign office.
Section 520.4 - Preliminary declaration.
Section 520.5 - Actions — venue — commissioner as process agent.
Section 520.6 - Service of process.
Section 520.7 - Judgment — satisfaction.
Section 520.8 - Reports — limitations on risks.
Section 520.9 - Standard of solvency.
Section 520.9A - Solvency standard — transition.
Section 520.10 - Annual report — examination — penalties.
Section 520.11 - Implied powers of corporations.
Section 520.12 - Certificate of authority — renewal — penalties.
Section 520.13 - Fidelity or surety bonds executed.
Section 520.14 - Violations — exceptions.
Section 520.15 - Refusal or revocation of certificate.
Section 520.17 - Additional security — refusal.
Section 520.18 - Foreign attorney — bonds.
Section 520.19 - Annual tax — fees.
Section 520.20 - Form of policy — construction.
Section 520.23 - Deposit of securities by reciprocal or interinsurance exchanges.