512A.7 Certificate of membership. Within thirty days after acceptance to membership a certificate, the form of which has been approved by the commissioner, shall be delivered to each member. The certificate shall setforth the name of the association, the name of the member, a statement as to the benefitsof membership, to whom such benefits are payable, and such other provisions as are, in theopinion of the commissioner, necessary to inform the member of the member’s rights in theassociation. The commissioner before approving any certificate shall be satisfied that anybenefits to be paid a member or the beneficiary of a member are reasonable in relationshipto any and all charges made or assessed against the membership. The certificate shall notindicate therein that the plan or benefits constitute an insurance policy. [C71, 73, 75, 77, 79, 81, §512A.7] Sat Dec 23 00:43:06 2023 Iowa Code 2024, Section 512A.7 (14, 0)
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