Iowa Code 519.4 – Approval of policy — certificate of authority
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 519.4
- Commissioner: means the commissioner of insurance. See Iowa Code 510.1B
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
No such mutual insurance corporation shall issue membership certificates, or policies, until its form of certificate or policy, shall have been submitted to, and approved by, the commissioner of insurance and until it has secured from such commissioner of insurance a certificate authorizing it to transact such an insurance business.