520.5 Actions — venue — commissioner as process agent. Concurrently with the filing of the declaration provided for by the terms of section 520.4, the attorney shall file with the commissioner of insurance, an instrument in writing executedby the attorney for the subscribers, conditioned that, upon the issuance of certificate ofauthority provided for in this chapter, action may be brought in the county in which theproperty or person insured thereunder is located, and that service of process shall be hadupon the commissioner of insurance or upon the attorney in fact in all suits in this state,whether arising out of such policies, contracts, agreements or otherwise. Service shall bevalid and binding upon all subscribers exchanging at any time reciprocal or interinsurancecontracts through such attorney. All suits of every kind and description brought against thereciprocal exchange, or the subscribers on account of their connection with the reciprocalexchange, must be brought against the attorney in fact or the exchange as such, and shallnot be brought against any of the subscribers individually on account of their connectionwith or membership in such reciprocal exchange, and must be attorney in fact or the exchange as such, and shallnot be brought against any of the subscribers individually on account of their connectionwith or membership in such reciprocal exchange, and must be brought in the manner andmethod provided in this section. [C24, 27, 31, 35, 39, §9087; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §520.5]2020 Acts, ch 1063, §291Referred to in §520.14 Sat Dec 23 10:53:05 2023 Iowa Code 2024, Section 520.5 (18, 0)
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