519.2 Incorporation — powers. All corporations, organized for the purpose of transacting such insurance business under the provisions of this chapter, shall incorporate under the provisions of chapter 491, and beknown as mutual corporations; and are hereby empowered to collect such assessments, orpremium payments, provided for in their articles of incorporation or bylaws, as are requiredto pay losses and expenses incurred in the conduct of their business and to cede reinsurance.Such mutual insurance corporations may issue certificates of membership, or policies; andmay provide that all assessments, or premium payments, payable thereunder, be made incash, or on the installment, or assessment plan. [C24, 27, 31, 35, 39, §9070; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §519.2] Sat Dec 23 00:51:40 2023 Iowa Code 2024, Section 519.2 (14, 0)
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