514.15 Nonexempt from taxation. Every corporation organized under chapter 504, Code 1989, or current chapter 504, and governed by this chapter, is hereby declared to be a charitable and benevolent institution butits property and funds, including subscribers’ contracts, shall not be exempt from taxation.For purposes of this section, the term 'subscriber contract' shall mean only those benefitcontracts issued or delivered in Iowa by corporations subject to this chapter, includingcertificates issued under such contracts, and which provide coverage to residents of Iowaon a risk basis. [C39, §8895.15; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514.15; 82 Acts, ch 1003, §6]85 Acts, ch 239, §3; 2017 Acts, ch 29, §149Rate of tax; §432.2 Sat Dec 23 00:44:20 2023 Iowa Code 2024, Section 514.15 (17, 0)
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