§ 518.25

518.25 Surplus. An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than fifty thousand dollars or one-tenth of one percent of the gross riskin force, whichever is greater. An association organized under this chapter on or after July 1,2009, shall at all times maintain a surplus of not less than one hundred thousand dollars orone-tenth of one percent of the gross risk in force, whichever is greater. 90 Acts, ch 1234, §70; 99 Acts, ch 165, §17; 2002 Acts, ch 1111, §27; 2009 Acts, ch 145, §36 Sat Dec 23 00:50:39 2023 Iowa Code 2024, Section 518.25 (17, 0)