515.73 Additional statements — impaired capital. Any company desiring to transact the business of insurance under this chapter shall also file with the commissioner a certified copy of its charter or deed of settlement, together with astatement under oath of the president or vice president or other chief officer and the secretaryof the company for which they may act, stating the name of the company, the place wherelocated, the amount of its capital, with a detailed statement of the facts and items requiredfrom companies organized under the laws of this state, and a copy of the last annual report, ifany, made under any law of the state by which such company was incorporated; and no agentshall be allowed to transact business for any company whose capital is impaired by liabilitiesas specified in this chapter to the extent of twenty percent thereof, while such deficiency shallcontinue. [C73, §1144; C97, §1722; C24, 27, 31, 35, 39, §8954; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.75] 2007 Acts, ch 152, §6CS2007, §515.732008 Acts, ch 1074, §5 Sat Dec 23 00:47:07 2023 Iowa Code 2024, Section 515.73 (22, 0)
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