Iowa Code 508.20 – Reinsurance securities — title vested in commissioner
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 508.20
- Commissioner: means the commissioner of insurance. See Iowa Code 510.1B
The title to all securities deposited with the commissioner of insurance by any domestic life insurance company or association which has been, or hereafter shall be, reinsured by a foreign life insurance company, shall be vested in the commissioner for the use and benefit of only the policies of the company reinsured in force at the date of such reinsurance agreement.