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Section 515.1 - Applicability. - 515.1 Applicability. Corporations formed for the purpose of insurance, other...
Section 515.2 - Articles — approval — bylaws. - 515.2 Articles — approval — bylaws. The articles of incorporation,...
Section 515.3 - Certificate — recording. - 515.3 Certificate — recording. If the commissioner of insurance approves...
Section 515.4 - Name. - 515.4 Name. If the commissioner of insurance finds the name...
Section 515.5 - Filing with commissioner. - 515.5 Filing with commissioner. The articles, when thus certified by...
Section 515.7 - Stock and mutual plan distinguished. - 515.7 Stock and mutual plan distinguished. No company shall be...
Section 515.8 - Paid-up capital and surplus required. - 515.8 Paid-up capital and surplus required. 1. An insurance company...
Section 515.9 - Reduction of capital or shares. - 515.9 Reduction of capital or shares. Any insurance company, other...
Section 515.10 - Subscriptions of stock — applications. - 515.10 Subscriptions of stock — applications. After compliance by the...
Section 515.11 - Prohibited loans. - 515.11 Prohibited loans. Transferred to §515.23; 2015 Acts, ch 128,...
Section 515.11A - Transfer of stock. - 515.11A Transfer of stock. Transfers of stock made by any...
Section 515.12 - Mutual companies — conditions. - 515.12 Mutual companies — conditions. No mutual company shall issue...
Section 515.12A - Alternative minimum surplus levels. - 515.12A Alternative minimum surplus levels. A mutual company authorized to...
Section 515.13 - Reservation. - 515.13 Reservation. None of the provisions of section 515.12, subsection...
Section 515.14 - Membership in mutuals. - 515.14 Membership in mutuals. Any public or private corporation, board,...
Section 515.15 - Voting power. - 515.15 Voting power. Every policyholder of such mutual company shall...
Section 515.16 - Maximum premium. - 515.16 Maximum premium. The maximum premium payable by any member...
Section 515.17 - Unearned premiums. - 515.17 Unearned premiums. Such mutual company shall maintain unearned premium...
Section 515.18 - Assessments. - 515.18 Assessments. Any such mutual company not possessed of assets...
Section 515.19 - Advancement of funds. - 515.19 Advancement of funds. Any director, officer, or member of...
Section 515.20 - Guaranty capital. - 515.20 Guaranty capital. A mutual company organized under this chapter...
Section 515.21 - Additional policy provisions. - 515.21 Additional policy provisions. Such mutual company may insert in...
Section 515.22 - Countersigning policies. - 515.22 Countersigning policies. Repealed by 98 Acts, ch 1057, §13.
Section 515.23 - Prohibited loans. - 515.23 Prohibited loans. Capital, surplus, funds, or other assets, or...
Section 515.24 - Tax — computation. - 515.24 Tax — computation. For the purpose of determining the...
Section 515.25 - Remote participation in shareholders’, members’, or policyholders’ meetings. - 515.25 Remote participation in shareholders’, members’, or policyholders’ meetings. 1....
Section 515.26 - Directors. - 515.26 Directors. The affairs of a company organized as provided...
Section 515.27 - Election. - 515.27 Election. The annual meetings for the election of directors...
Section 515.28 - Term of office. - 515.28 Term of office. The directors chosen at any such...
Section 515.29 - Classification of directors. - 515.29 Classification of directors. A company may in its articles...
Section 515.30 - Election of officers. - 515.30 Election of officers. The directors shall elect a president,...
Section 515.31 - Filling of vacancies. - 515.31 Filling of vacancies. The directors shall have authority to...
Section 515.32 - Bylaws. - 515.32 Bylaws. The company may adopt such bylaws and regulations...
Section 515.33 - Record and inspection. - 515.33 Record and inspection. The directors shall keep full and...
Section 515.35 - Investments. - 515.35 Investments. 1. General considerations. The following considerations apply in...
Section 515.36 - Financial statements — mutual companies. - 515.36 Financial statements — mutual companies. After complying with the...
Section 515.37 - Subsidiary companies. - 515.37 Subsidiary companies. Any insurance company incorporated in this state...
Section 515.38 - Examination — certificate of compliance. - 515.38 Examination — certificate of compliance. Such commissioner may appoint...
Section 515.39 - Ownership of assets — oath. - 515.39 Ownership of assets — oath. The incorporators or officers...
Section 515.40 - Form of certificate. - 515.40 Form of certificate. The certificate of examination of a...
Section 515.41 - Certificate of authority. - 515.41 Certificate of authority. The certificate and statements contemplated in...
Section 515.42 - Tenure of certificate — renewal — evidence. - 515.42 Tenure of certificate — renewal — evidence. A certificate...
Section 515.44 - Dividends. - 515.44 Dividends. The directors or managers of a stock company,...
Section 515.45 - Reserve fund required. - 515.45 Reserve fund required. Repealed by 2000 Acts, ch 1023,...
Section 515.46 - Forfeiture of certificate of authority. - 515.46 Forfeiture of certificate of authority. Any dividend made contrary...
Section 515.47 - Unearned premium reserve — computation. - 515.47 Unearned premium reserve — computation. Repealed by 2000 Acts,...
Section 515.48 - Kinds of insurance. - 515.48 Kinds of insurance. Any company organized under this chapter...
Section 515.49 - Limitation on risks. - 515.49 Limitation on risks. A company shall not expose itself...
Section 515.50 - Loans — reinsurance. - 515.50 Loans — reinsurance. Repealed by 2007 Acts, ch 152,...
Section 515.51 - Policies — execution — requirements. - 515.51 Policies — execution — requirements. All policies or contracts...
Section 515.52 - 515.52 Repealed by 98 Acts, ch 1057, §13.
Section 515.53 - 515.53 Repealed by 98 Acts, ch 1057, §13.
Section 515.54 - 515.54 Repealed by 98 Acts, ch 1057, §13.
Section 515.55 - 515.55 Repealed by 98 Acts, ch 1057, §13.
Section 515.56 - 515.56 Repealed by 98 Acts, ch 1057, §13.
Section 515.57 - 515.57 Repealed by 98 Acts, ch 1057, §13.
Section 515.58 - 515.58 Repealed by 98 Acts, ch 1057, §13.
Section 515.59 - 515.59 Repealed by 98 Acts, ch 1057, §13.
Section 515.60 - 515.60 Repealed by 98 Acts, ch 1057, §13.
Section 515.61 - 515.61 Repealed by 98 Acts, ch 1057, §13.
Section 515.62 - Transfer of stock. - 515.62 Transfer of stock. Repealed by 2008 Acts, ch 1074,...
Section 515.63 - Annual statement. - 515.63 Annual statement. The president or the vice president and...
Section 515.64 - Accident insurance — record. - 515.64 Accident insurance — record. Repealed by 2008 Acts, ch...
Section 515.66 - Annual statement of foreign company. - 515.66 Annual statement of foreign company. The annual statement of...
Section 515.67 - Inquiry by commissioner. - 515.67 Inquiry by commissioner. Repealed by 2007 Acts, ch 152,...
Section 515.68 - Changes in forms of statements. - 515.68 Changes in forms of statements. The commissioner may from...
Section 515.68A - Foreign companies — reinsurance. - 515.68A Foreign companies — reinsurance. A foreign company authorized to...
Section 515.69 - Foreign companies — capital and surplus required. - 515.69 Foreign companies — capital and surplus required. 1. A...
Section 515.70 - Alien insurer defined. - 515.70 Alien insurer defined. 1. An “alien insurer” is hereby...
Section 515.71 - Deposit of securities — amount. - 515.71 Deposit of securities — amount. 1. Every alien insurer...
Section 515.72 - Insolvency of company — procedure. - 515.72 Insolvency of company — procedure. In the event of...
Section 515.73 - Additional statements — impaired capital. - 515.73 Additional statements — impaired capital. Any company desiring to...
Section 515.74 - Foreign mutual companies — surplus. - 515.74 Foreign mutual companies — surplus. 1. Any mutual insurance...
Section 515.75 - Certificate to foreign company. - 515.75 Certificate to foreign company. When a foreign company has...
Section 515.76 - Commissioner as process agent. - 515.76 Commissioner as process agent. Any company desiring to transact...
Section 515.77 - Service of process. - 515.77 Service of process. Any notice or service of process...
Section 515.78 - Foreign companies may become domestic. - 515.78 Foreign companies may become domestic. 1. An insurer which...
Section 515.79 - Notes taken for insurance. - 515.79 Notes taken for insurance. Repealed by 2007 Acts, ch...
Section 515.91 - False statement of assets. - 515.91 False statement of assets. Repealed by 2007 Acts, ch...
Section 515.92 - Statement of capital and surplus. - 515.92 Statement of capital and surplus. Repealed by 2007 Acts,...
Section 515.93 - Violations. - 515.93 Violations. Repealed by 2007 Acts, ch 152, §84 .
Section 515.100 - Nature of organization entered on policy. - 515.100 Nature of organization entered on policy. Every domestic and...
Section 515.101 - Conditions and stipulations invalidating policy — avoidance — pleadings — applicability. - 515.101 Conditions and stipulations invalidating policy — avoidance — pleadings...
Section 515.102 - Forms of policies and endorsements — approval. - 515.102 Forms of policies and endorsements — approval. 1. The...
Section 515.103 - Use of credit information — personal insurance. - 515.103 Use of credit information — personal insurance. 1. Definitions....
Section 515.104 - Coinsurance or contribution clause. - 515.104 Coinsurance or contribution clause. Contracts of insurance against loss...
Section 515.105 - Agency relationship. - 515.105 Agency relationship. Any officer, insurance producer, or representative of...
Section 515.106 - Limitation on termination of independent producers. - 515.106 Limitation on termination of independent producers. An insurance company...
Section 515.107 - Applicability to organizations and individuals. - 515.107 Applicability to organizations and individuals. Repealed by 2008 Acts,...
Section 515.108 - Insurance in unauthorized companies. - 515.108 Insurance in unauthorized companies. No action shall be maintained...
Section 515.109 - Fire insurance contract — standard policy provisions — permissible variations. - 515.109 Fire insurance contract — standard policy provisions — permissible...
Section 515.110 - More favorable conditions. - 515.110 More favorable conditions. Nothing contained in section 515.109 shall...
Section 515.111 - Nuclear loss or damage excluded. - 515.111 Nuclear loss or damage excluded. Insurers issuing the standard...
Section 515.112 - Violations — status of policy. - 515.112 Violations — status of policy. It shall be unlawful...
Section 515.113 - Existing statutes — waiver. - 515.113 Existing statutes — waiver. Nothing contained in sections 515.109...
Section 515.114 - Policy — formal execution. - 515.114 Policy — formal execution. 1. Every fire insurance company...
Section 515.115 - Certificates of insurance — penalty. - 515.115 Certificates of insurance — penalty. 1. As used in...
Section 515.120 - Business with nonadmitted insurers. - 515.120 Business with nonadmitted insurers. Repealed by 2012 Acts, ch...
Section 515.121 - Administrative penalty. - 515.121 Administrative penalty. Repealed by 2012 Acts, ch 1025, §21,...
Section 515.122 - Banned companies — information required. - 515.122 Banned companies — information required. Repealed by 2012 Acts,...
Section 515.123 - 515.123 Repealed by 2001 Acts, ch 16, §36, 37 .
Section 515.124 - 515.124 Repealed by 2001 Acts, ch 16, §36, 37 .
Section 515.125 - Forfeiture of policies — notice. - 515.125 Forfeiture of policies — notice. 1. Unless otherwise provided...
Section 515.126 - Cancellation of policy — notice to insured or mortgagee. - 515.126 Cancellation of policy — notice to insured or mortgagee....
Section 515.127 - Cancellation of commercial lines policies or contracts. - 515.127 Cancellation of commercial lines policies or contracts. 1. A...
Section 515.128 - Nonrenewal of commercial lines policies or contracts. - 515.128 Nonrenewal of commercial lines policies or contracts. 1. An...
Section 515.128A - Material changes in commercial lines policies or contracts — notice required. - 515.128A Material changes in commercial lines policies or contracts —...
Section 515.129 - Cancellation or nonrenewal of commercial umbrella or excess policies or contracts. - 515.129 Cancellation or nonrenewal of commercial umbrella or excess policies...
Section 515.129A - Cancellation of personal lines policies or contracts. - 515.129A Cancellation of personal lines policies or contracts. 1. After...
Section 515.129B - Nonrenewal of personal lines policies or contracts. - 515.129B Nonrenewal of personal lines policies or contracts. 1. An...
Section 515.129C - Notice of renewal or nonrenewal of personal lines policies or contracts. - 515.129C Notice of renewal or nonrenewal of personal lines policies...
Section 515.130 - Short rates. - 515.130 Short rates. The commissioner of insurance shall prepare and...
Section 515.131 - Policy restored. - 515.131 Policy restored. At any time before cancellation of the...
Section 515.132 - Right of insured to cancel. - 515.132 Right of insured to cancel. No provision, stipulation, or...
Section 515.133 - Copy of application — duty to provide. - 515.133 Copy of application — duty to provide. All insurance...
Section 515.134 - Failure to attach — effect. - 515.134 Failure to attach — effect. The omission so to...
Section 515.135 - Presumption as to value. - 515.135 Presumption as to value. Repealed by 2011 Acts, ch...
Section 515.136 - Value of building — liability. - 515.136 Value of building — liability. An insurance company or...
Section 515.137 - Prima facie right of recovery. - 515.137 Prima facie right of recovery. In an action on...
Section 515.137A - Post-loss assignment of rights or benefits to a residential contractor. - 515.137A Post-loss assignment of rights or benefits to a residential...
Section 515.138 - Notice of loss of or damage to personal property by hail. - 515.138 Notice of loss of or damage to personal property...
Section 515.139 - Demolition reserve on fire and casualty claims on property. - 515.139 Demolition reserve on fire and casualty claims on property....
Section 515.140 - Unlawful combinations — exceptions. - 515.140 Unlawful combinations — exceptions. It shall be unlawful for...
Section 515.141 - Examination of officers and employees. - 515.141 Examination of officers and employees. 1. The commissioner of...
Section 515.142 - Transfers pending investigation. - 515.142 Transfers pending investigation. Any transfer of the stock of...
Section 515.143 - Revocation of certificate of foreign company. - 515.143 Revocation of certificate of foreign company. The commissioner of...
Section 515.144 - Suspension and summary suspension. - 515.144 Suspension and summary suspension. The commissioner may do one...
Section 515.145 - Revocation of authority. - 515.145 Revocation of authority. If upon any examination, or upon...
Section 515.146 - Certificate refused — administrative penalty. - 515.146 Certificate refused — administrative penalty. The commissioner of insurance...
Section 515.147 - Fees. - 515.147 Fees. Fees shall be paid to the commissioner of...
Section 515.148 - Expenses of examination. - 515.148 Expenses of examination. The necessary expenses of any examination...
Section 515.149 - Compliance with law. - 515.149 Compliance with law. An insurance company organized under this...
Section 515.150 - Violations. - 515.150 Violations. It shall be unlawful for any officer, manager,...
Section 515.151 - Officers punished. - 515.151 Officers punished. It shall be unlawful for any of...
Section 515.152 - Judicial review. - 515.152 Judicial review. Judicial review of the actions of the...
Section 515.153 - Incrimination. - 515.153 Incrimination. The statements and declarations made or testimony given...