519.12 Foreign companies. Any mutual insurance association organized under the laws of any other state, for the purpose of transacting the kind of business described in this chapter, and which has onhand surplus amounting to not less than ten times the maximum single retained risk, andhas not less than two hundred fifty members, may upon application, be admitted to dobusiness in this state if the commissioner finds such admission is in the public interest; andshall thereafter make all reports and be subject to taxation, examination, and supervision bythe commissioner of insurance to the same extent and in the same manner as are domesticcorporations organized under the provisions of this chapter. [C24, 27, 31, 35, 39, §9081; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.12] Sat Dec 23 00:51:46 2023 Iowa Code 2024, Section 519.12 (14, 0)
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