Iowa Code 509.18 – Prohibited deposit in financial institution
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 509.18
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
509.18 Prohibited deposit in financial institution.
A company or its agent licensed to sell a policy of credit life or credit accident and health insurance or certificate under a policy of group credit life or credit accident and health insurance shall not deposit or offer to deposit funds in a financial institution of this state in exchange for the privilege of selling such insurance to or on behalf of the financial institution.
[C75, 77, 79, 81, §509.18]
2004 Acts, ch 1110, §27
A company or its agent licensed to sell a policy of credit life or credit accident and health insurance or certificate under a policy of group credit life or credit accident and health insurance shall not deposit or offer to deposit funds in a financial institution of this state in exchange for the privilege of selling such insurance to or on behalf of the financial institution.
[C75, 77, 79, 81, §509.18]
2004 Acts, ch 1110, §27