Iowa Admin. Code r. 191-6.4
Current through Register Vol. 47, No. 6, September 18, 2024
In the event of a public offering, no securities held by the promoters shall, for a three-year period from the date of acquisition, be alienated or hypothecated (except by operation of the law) unless the operation of the insurance company produces earned surplus for two consecutive years.
Iowa Admin. Code r. 191-6.4