515C.2 Eligibility for insurance. Eligibility for mortgage guaranty insurers shall be as follows:1. An insurer, in order to qualify for writing mortgage guaranty insurance, must have the same surplus to policyholders as that required of a multiple line company by section 515.8. 2. An insurer transacting any class of insurance other than mortgage guaranty insurance is not eligible for the issuance of a certificate of authority to transact mortgage guarantyinsurance in this state, nor the renewal thereof. 3. A foreign or alien insurer writing mortgage guaranty insurance shall not be eligible for the issuance of a certificate of authority in Iowa unless it has demonstrated a satisfactoryoperating experience in its state of domicile. [C66, 71, 73, 75, 77, 79, 81, §515C.2]2012 Acts, ch 1021, §100 Sat Dec 23 00:48:25 2023 Iowa Code 2024, Section 515C.2 (16, 0)
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