511.1 Annual statement of foreign companies. Every company or association organized under the laws of any other state or country and doing business in this state shall annually, by the first day of March, file with the commissioner of insurance a statement of its affairs for the year terminating on the thirty-first day of December […]
511.10 Rule of valuation. 1. All bonds or other evidences of debt having a fixed term and rate, held by any fraternal beneficiary association authorized to do business in this state may, if amply secured and not in default as to principal and interest, be valued as follows: a. If purchased at par, at the […]
511.11 Prohibited loans. No insurance company or association organized under the statutes of this state to transact an insurance business, shall invest its capital, surplus funds, or other assets, in or loan the same on property owned by any officer or director of such company or by any of the immediate members of the family […]
511.12 Officers not to profit by investments. An officer or director of a life insurance company or association shall not profit from the investment of funds of the company. [C24, 27, 31, 35, 39, §8749; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.12] 2021 Acts, ch 80, §321 Section amended
511.13 Disbursements — vouchers — affidavit. No domestic life insurance company shall make any disbursement of one hundred dollars or more unless the same be evidenced by a voucher signed by or on behalf of the person, firm, or corporation receiving the money and correctly describing the consideration for the payment. If the expenditure be […]
511.14 Taxes — from what funds payable. In case this or any other state shall impose or levy any tax on any company or association, the same may be paid from any surplus or emergency fund of such company or association. [C97, §1821; C24, 27, 31, 35, 39, §8751; C46, 50, 54, 58, 62, 66, […]
511.16 Illegal business. It shall be unlawful for any officer, manager, or agent of any life insurance company or association, with knowledge that it is doing business in an unlawful manner or is insolvent, to solicit or receive applications for insurance with the company or association, or to do any other act or thing toward […]
511.17 Contracts void — recovery — damages — attorney fees. All contracts, promises, and agreements made by any person to or with any such company or association concerning any premium, policy, or certificate of new business, after the revocation of its certificates or denial of authority to do business, shall be null and void, and […]
511.18 Fraud in procuring insurance. Repealed by 2004 Acts, ch 1110, §71 .
511.2 Amended forms of statement. The commissioner may amend the form of the annual statement required to be made by companies or associations doing business in this state, and propose and require such additional matter to be covered therein as the commissioner may think necessary to elicit a full exhibit of the standing of any […]
511.22 May not advertise authorized capital. No insurance company shall be permitted to advertise or publish an authorized capital, or to represent in any manner itself as possessed of any greater capital than that actually paid up and invested. [S13, §1783-g; C24, 27, 31, 35, 39, §8761; C46, 50, 54, 58, 62, 66, 71, 73, […]
511.23 Penalties. Any person, firm, or corporation violating any of the provisions of section 511.22, sections 515.8 through 515.10, or section 515.23 or failing to comply with any of the provisions in those sections, shall be subjected to the penalties provided in sections 507.10 and 507.12. [S13, §1783-h; C24, 27, 31, 35, 39, §8762; C46, […]
511.24 Fees from domestic and foreign companies. When not otherwise provided, a foreign or domestic life insurance company doing business in this state shall pay to the commissioner of insurance the following fees: 1. For filing an application to do business, or an application to renew a certificate of authority, fifty dollars. 2. For issuing […]
511.26 Fee statute — applicability. The provisions of the chapter on insurance other than life apply as to fees under this chapter and chapter 508 except as modified by section 511.24. [C97, §1818; C24, 27, 31, 35, 39, §8765; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.26] 83 Acts, ch […]
511.27 Commissioner as process agent. Every life insurance company and association shall, before receiving a certificate to do business in this state or any renewal of a certificate to do business in this state, file in the office of the commissioner of insurance a power of attorney and an agreement in writing that service of […]
511.28 Service of process. Service of process made on the commissioner as the agent for service of process shall be made as provided in section 505.30. [C73, §1165; C97, §1808; C24, 27, 31, 35, 39, §8767; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.28] 92 Acts, ch 1162, §15; 99 […]
511.29 Interpretation. The provisions of sections 511.27 and 511.28 are merely additions to the general provisions of law on the subjects therein referred to, and are not to be construed to be exclusive. [C97, §1809; C24, 27, 31, 35, 39, §8768; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §511.29] Service […]
511.30 Intoxication as defense. Repealed by 2003 Acts, ch 91, §51 .
511.31 Physician’s certificate — estoppel. In any case where the medical examiner, or physician acting as such, of any life insurance company or association doing business in the state shall issue a certificate of health or declare the applicant a fit subject for insurance, or so report to the company or association or its agent […]
511.32 Misrepresentation of age. In all cases where it shall appear that the age of the person insured has been understated in the proposal, declaration or other instrument upon which a policy of life insurance has been founded or issued, then the amount payable under the policy shall be such as the premium paid would […]
