Iowa Code (Last Updated: December 05, 2016) |
Title XIII. COMMERCE |
Chapter 518A. STATE MUTUAL INSURANCE ASSOCIATIONS |
Section 518A.57. Powers of members.
Latest version.
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Members of the association shall have the power to make or amend articles of incorporation at any membership meeting, provided that notice of such proposed addition or amendment has been mailed to each member of the association at least ten days in advance of the meeting in which such proposed action is to be considered, and provided that no such addition or amendment shall become effective until approved by the commissioner of insurance and recorded in the office of the secretary of state.