Iowa Code 515.143 – Revocation of certificate of foreign company
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 515.143
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
515.143 Revocation of certificate of foreign company.
The commissioner of insurance may examine the condition and affairs of any insurance
company, as provided for in this chapter, doing business in this state, not organized under its laws, or cause such examination to be made by a person appointed by the commissioner having no interest in any insurance company; and if it appears to the commissioner’s satisfaction that the affairs of a company are in an unsound condition or that a company has failed to maintain the capital and surplus required by § 515.69, the commissioner shall revoke or suspend the certificates granted in its behalf.
[C73, §1152; C97, §1735; C24, 27, 31, 35, 39, §8968; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77,
79, 81, §515.89]
91 Acts, ch 213, §28; 2007 Acts, ch 152, §18
CS2007, §515.143
The commissioner of insurance may examine the condition and affairs of any insurance
company, as provided for in this chapter, doing business in this state, not organized under its laws, or cause such examination to be made by a person appointed by the commissioner having no interest in any insurance company; and if it appears to the commissioner’s satisfaction that the affairs of a company are in an unsound condition or that a company has failed to maintain the capital and surplus required by § 515.69, the commissioner shall revoke or suspend the certificates granted in its behalf.
[C73, §1152; C97, §1735; C24, 27, 31, 35, 39, §8968; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77,
79, 81, §515.89]
91 Acts, ch 213, §28; 2007 Acts, ch 152, §18
CS2007, §515.143