Any life insurance company incorporated in this state may organize, or acquire by purchase, in whole or in part subsidiary insurance and investment companies in which it owns not less than fifty-one percent of the common stock, and notwithstanding any other provisions of this subtitle inconsistent herewith may (1) invest funds from surplus for such purpose, (2) make loans to such subsidiaries, and (3) permit all or part of its officers and directors to serve as officers or directors of such subsidiary companies.
[C66, 71, 73, 75, 77, 79, 81, § 508.33]
Referred to in § 511.8(18b)
Previous Section 508.32A
Next Section 508.34
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/508/33.html
jhf