Statutes > Iowa Statutes > Title 13 - Commerce > Subtitle 1 - Insurance and Related Regulation > CHAPTER 512A - BENEVOLENT ASSOCIATIONS > 512A.6 - CONTRIBUTIONS FOR EXPENSES.

512A.6 - CONTRIBUTIONS FOR EXPENSES.

        512A.6  CONTRIBUTIONS FOR EXPENSES.         Such associations may operate without the establishment of      reserves or surplus except for current expenses.  Contributions for      expenses shall be added as a separate item to contributions for      membership benefits.  A reasonable membership fee to cover initial      expenses may be charged.
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 512A.6]