Iowa Code 521J.16 – Compulsory organizations
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 521J.16
- 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
521J.16 Compulsory organizations.
A captive company shall not join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state. A captive company, a captive company’s insureds, a captive company’s parent, and any company affiliated with a captive company shall not receive any benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive company.
2023 Acts, ch 107, §19
NEW section
A captive company shall not join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state. A captive company, a captive company’s insureds, a captive company’s parent, and any company affiliated with a captive company shall not receive any benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive company.
2023 Acts, ch 107, §19
NEW section