636.17 Limitation on acceptance. No such security shall be accepted on any bond for an amount in excess of ten percent of the paid-up cash capital of such company or corporation unless the excess shall be reinsuredin some other company or corporation authorized to do business in the state and in no caseto exceed ten percent of the capital of the reinsuring company and provided that a certificateof such reinsurance shall be furnished to the insured. [C97, §360; SS15, §360; C24, 27, 31, 35, 39, §12766; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §682.17] C93, §636.17Referred to in §636.18 Sat Dec 23 12:18:37 2023 Iowa Code 2024, Section 636.17 (20, 0)
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