Title XIII, COMMERCE (Ch. 505 - 554I)

No domestic life insurance company shall make any disbursement of one hundred dollars or more unless the same be evidenced by a voucher signed by or on behalf of the person, firm, or corporation receiving the money and correctly describing the consideration for the payment. If th…

In case this or any other state shall impose or levy any tax on any company or association, the same may be paid from any surplus or emergency fund of such company or association. [C97, §1821; C24, 27, 31, 35, 39, § 8751; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.14 ]…

It shall be unlawful for any officer, manager, or agent of any life insurance company or association, with knowledge that it is doing business in an unlawful manner or is insolvent, to solicit or receive applications for insurance with the company or association, or to do any oth…

All contracts, promises, and agreements made by any person to or with any such company or association concerning any premium, policy, or certificate of new business, after the revocation of its certificates or denial of authority to do business, shall be null and void, and all pa…

The commissioner may amend the form of the annual statement required to be made by companies or associations doing business in this state, and propose and require such additional matter to be covered therein as the commissioner may think necessary to elicit a full exhibit of the …

No insurance company shall be permitted to advertise or publish an authorized capital, or to represent in any manner itself as possessed of any greater capital than that actually paid up and invested. [S13, §1783-g; C24, 27, 31, 35, 39, § 8761; C46, 50, 54, 58, 62, 66, 71, 73, 75…

Any person, firm, or corporation violating any of the provisions of section 511.22 , sections 515.8 through 515.10 , or section 515.23 or failing to comply with any of the provisions in those sections, shall be subjected to the penalties provided in sections 507.10 and 507.12 . […

When not otherwise provided, a foreign or domestic life insurance company doing business in this state shall pay to the commissioner of insurance the following fees: 1. For filing an application to do business, or an application to renew a certificate of authority, fifty dollars.…

The provisions of the chapter on insurance other than life apply as to fees under this chapter and chapter 508 except as modified by section 511.24 . [C97, §1818; C24, 27, 31, 35, 39, § 8765; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.26 ] 83 Acts, ch 101, §107 ; 89 Ac…

Every life insurance company and association shall, before receiving a certificate to do business in this state or any renewal of a certificate to do business in this state, file in the office of the commissioner of insurance a power of attorney and an agreement in writing that s…

Service of process made on the commissioner as the agent for service of process shall be made as provided in section 505.30 . [C73, §1165; C97, §1808; C24, 27, 31, 35, 39, § 8767; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.28 ] 92 Acts, ch 1162, §15 ; 99 Acts, ch 165, …

The provisions of sections 511.27 and 511.28 are merely additions to the general provisions of law on the subjects therein referred to, and are not to be construed to be exclusive. [C97, §1809; C24, 27, 31, 35, 39, § 8768; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.29 …

In any case where the medical examiner, or physician acting as such, of any life insurance company or association doing business in the state shall issue a certificate of health or declare the applicant a fit subject for insurance, or so report to the company or association or it…

In all cases where it shall appear that the age of the person insured has been understated in the proposal, declaration or other instrument upon which a policy of life insurance has been founded or issued, then the amount payable under the policy shall be such as the premium paid…

All life insurance companies or associations organized or doing business in this state under the provisions of the preceding chapters shall, upon the issue of any policy, attach to such policy, or endorse thereon, a true copy of any application or representation of the assured wh…

The omission so to do shall not render the policy invalid, but if any company or association neglects to comply with the requirements of section 511.33 , the company or association shall forever be precluded from pleading, alleging, or proving such application or representations,…

No stipulation or condition in any policy or contract of insurance or beneficiary certificate issued by any company or association mentioned or referred to in this chapter , limiting the time to a period of less than one year after knowledge by the beneficiary within which notice…

1. Life insurance policies issued after July 1, 1984 may provide interest rates on policy loans in accordance with either of the following: a. A maximum interest rate of not more than eight percent per annum. b. An adjustable maximum interest rate established as permitted under t…

1. When an insurance policy provides for the payment of its proceeds to a beneficiary upon the death of an individual and, without the written consent of the beneficiary, the company fails or refuses to pay the proceeds within thirty days after receipt of satisfactory proof of de…

A charitable organization described in section 501(c)(3) of the Internal Revenue Code, as defined in section 422.3 , has an insurable interest in the life of a person who, when purchasing a life insurance policy, makes a donation to the charitable organization or makes the charit…

The provisions of section 515.105 shall apply to life insurance companies and associations. [C97, §1815; C24, 27, 31, 35, 39, § 8731; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.4 ] 2001 Acts, ch 16, §8, 37 ; 2001 Acts, ch 69, §12 ; 2007 Acts, ch 152, §57

1. As used in this section , “employees” includes officers, managers, and directors of an employer, and the shareholders, partners, members, proprietors, or other owners of the employer. 2. An employer and a trust established by the employer for the benefit of the employer or for…

Actions brought to recover any of the penalties provided for in this chapter shall be instituted in the name of the state by the county attorney of the county, under the direction and authority of the commissioner of insurance, and may be brought in the district court of any coun…

1. Definitions. As used in this section unless the context otherwise requires: a. “Accounting practices and procedures manual” means the most recent edition of the national association of insurance commissioner’s accounting practices and procedures manual. b. “Admitted assets” me…

Agricultural land, as defined in section 9H.1 , acquired as a result of foreclosure or in settlement or in satisfaction of any indebtedness by a life insurance company or association incorporated by or organized under the laws of this or any other state, shall be sold or otherwis…

The commissioner shall have authority to suspend or revoke the certificate of authority of any company or association failing to comply with any of the provisions of section 511.8 , or for violating the same. [SS15, §1806; C24, 27, 31, 35, 39, § 8745; C46, 50, 54, 58, 62, 66, 71,…