506.6 Promoters restricted. No company shall enter into any contract with any promoter, officer, director, or agent of the company or any other person to pay the person’s expenses or to pay the person anycommission or any compensation for the person’s services in promoting or organizing suchcompany, or in selling its stock in excess of the amount authorized in section 506.4; nor shallit contract with any such person to pay the person any part of the premiums arising fromthe insurance it has written or may write as compensation, directly or indirectly, for aiding inthe promotion or for aiding or effecting any consolidation of such company with any othercompany, without the approval of the commissioner of insurance. [C24, 27, 31, 35, 39, §8620; C46, 50, 54, 58, 62, §506.5; C66, 71, 73, 75, 77, 79, 81, §506.6]Referred to in §515.10 Sat Dec 23 00:38:54 2023 Iowa Code 2024, Section 506.6 (14, 0)
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