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Code · Iowa · Chapter 509 — Group Insurance

509.18 Prohibited deposit in financial institution.

71 words·~1 min read·/ia/chapter-509-group-insurance/509-18·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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]
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