616.15 Surety companies. 1. Suit may be brought against any company or corporation furnishing or pretending to furnish surety, fidelity, or other bonds in this state, in any county in which the principal placeof business of such company or corporation is maintained in this state, or in any countywherein is maintained its general office for the transaction of its Iowa business, or in thecounty where the principal resides at the time of bringing suit, or in the county where theprincipal did reside at the time the bond or other undertaking was executed; and in the case ofbonds furnished by any such company or corporation for any building or improvement, eitherpublic or private, action may be brought in the county wherein said building or improvementor any part thereof is located. 2. The secretary of state shall serve as the agent for service of process for the purposes of 31 U.S.C. §9306, of any surety company or corporation for a surety bond written by thatsurety company or corporation for the federal government and issued in this state as requiredor permitted under federal law, if the surety company or corporation is licensed in this stateand cannot be otherwise served with ration for the federal government and issued in this state as requiredor permitted under federal law, if the surety company or corporation is licensed in this stateand cannot be otherwise served with process. Notwithstanding section 507.14, upon requestof the secretary of state, the commissioner of insurance shall provide the secretary of statewith the name and address of the person designated for consent to service of process by thesurety company or corporation which is on file with the commissioner. [S13, §3500-a; C24, 27, 31, 35, 39, §11047; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §616.15] 2006 Acts, ch 1117, §126 Sat Dec 23 11:18:54 2023 Iowa Code 2024, Section 616.15 (16, 0)
Iowa Legal Code