When the emergency fund of any association reaches an amount equal to one hundred percent of the average cost per thousand on all policies in force for the full term for which assessment is collected and not less than one hundred thousand dollars or such amount of capital stock as is required of domestic companies, such associations may issue policies of fixed premiums.
[C24, 27, 31, 35, 39, § 9041; C46, 50, 54, 58, 62, § 518.13; C66, 71, 73, 75, 77, 79, 81, § 518A.13]
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