Iowa Admin. Code r. 191-5.13

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 191-5.13 - Loans to officers, directors, employees, etc

No insurance company or association of any kind, domiciled in the state of Iowa, shall loan any portion of its funds to an officer, director, stockholder, employee or any relative or immediate member of the family of an officer or director

The provisions of Iowa Code sections 5088. and 51112. shall likewise be applicable to fire and casualty companies.