509.18 Prohibited deposit in financial institution. A company or its agent licensed to sell a policy of credit life or credit accident and health insurance or certificate under a policy of group credit life or credit accident and healthinsurance shall not deposit or offer to deposit funds in a financial institution of this statein exchange for the privilege of selling such insurance to or on behalf of the financialinstitution. [C75, 77, 79, 81, §509.18]2004 Acts, ch 1110, §27 Sat Dec 23 00:41:49 2023 Iowa Code 2024, Section 509.18 (16, 0)
Iowa Legal Code