508.6 Deposit of securities — certificate. Securities in the amount of the capital and surplus required under section 508.5 shall be deposited with the commissioner of insurance or at such places as the commissioner maydesignate. When the deposit is made and evidence furnished, by affidavit or otherwise,satisfactory to the commissioner, that the capital stock is all fully paid and the companypossessed of the surplus required and that the company is the actual and unqualified ownerof the securities representing the paid-up capital stock or other funds of the company, andall laws have been complied with, the commissioner shall issue the company the certificateprovided for in this chapter. [C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8648; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.6; 82 Acts, ch 1095, §1] 85 Acts, ch 228, §1Referred to in §508.33A Sat Dec 23 00:40:27 2023 Iowa Code 2024, Section 508.6 (17, 0)
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