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Iowa Code § 520.13

Fidelity or surety bonds executed

Iowa · Iowa Code Chapter 520 — Reciprocal or Interinsurance Contracts · Status: effective

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Iowa Code § 520.13, Fidelity or surety bonds executed, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2265405
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Fidelity or surety bonds executed by a reciprocal or interinsurance exchange pursuant to authority given by the commissioner of insurance shall be received and accepted as company or corporate bonds, provided, however, that such reciprocal companies before being permitted to qualify for writing fidelity or surety bonds shall be required to maintain a surplus of three hundred thousand dollars.