Iowa Code 523A.405 – Bond in lieu of trust fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Iowa Code 523A.405
- Commissioner: means the commissioner of insurance. See Iowa Code 510.1B
- Rule: includes "regulation". 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
The commissioner shall, by rule, establish terms and conditions under which a seller may, in lieu of trust requirements, file with the commissioner a surety bond issued by a surety company authorized to do business and doing business in this state.