Section 518A.37. Surplus.

Latest version.

An association organized under this chapter before July 1, 2009, shall at all times maintain a surplus of not less than one hundred thousand dollars, or one-tenth of one percent of the gross risk in force, whichever is greater. An association organized under this chapter on or after July 1, 2009, shall at all times maintain a surplus of not less than two hundred thousand dollars or one-tenth of one percent of the gross risk in force, whichever is greater.
90 Acts, ch 1234, §71
;
99 Acts, ch 165, §20
;
2002 Acts, ch 1111, §29
;
2009 Acts, ch 145, §46

                    
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