Members of mutual assessment associations which pay no commission, reward, or gratuity for the procuring of applications for membership, the income of which associations is derived solely from assessments, dues, and fees collected from its members for the sole purpose of meeting loss and expenses, shall not be deemed to be agents under any section of this chapter.
[C24, 27, 31, 35, 39, § 9005; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.126]
Referred to in § 511.4
Applicable to life companies, § 511.4
Previous Section 515.125
Next Section 515.127
© 2001 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: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/515/126.html
jhf