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Iowa Code § 518.25

Surplus

Iowa · Iowa Code Chapter 518 — County Mutual Insurance Associations · Status: effective

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Iowa Code § 518.25, Surplus, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2265188
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An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than fifty thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater. An association organized under this chapter on or after July 1, 2009, shall at all times maintain a surplus of not less than one hundred thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater.