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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 508.33. Subsidiary companies acquired

Current as of January 01, 2024 | Updated by Findlaw Staff

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 do all of the following:

1. Invest funds from surplus for such purpose.

2. Make loans to such subsidiaries.

3. Permit all or part of its officers and directors to serve as officers or directors of such subsidiary companies.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 508.33. Subsidiary companies acquired - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-508-33/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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