COMPILED CODE - Iowa Legislature - State of Iowa

375
Tit. XVIII, Ch. 7. INSURANCE OTHER THAN LIFE. § 5632.
39 hundred twenty-seven of the compiled code, and also insure glass
40 against breakage.
41 Providing always, that the charter or articles of incorporation
42 of any such company authorizes the writing of such additional in-
43 surance.
44 No company shall expose itself to loss on any one risk or hazard,
45 to an amount exceeding ten per cent of its paid-up capital unless the
46 excess shall be reinsured in some other good and reliable company
47 licensed to do an insurance business in this state. But in no case
48 shall such excess reinsurance exceed ten per cent of the capital of the
49 reinsuring company, and that a certificate of such reinsurance shall
50 be furnished to the insured.
51 But the restrictions as to the amount of risk a company may as-
52 sume shall not be applicable to a company that receives on deposit and
53 guarantees the safe-keeping of books, papers and moneys and other
54 personal property.
[C, '73, § 1132; C, '97, § 1710; S., '13, § 1710; 37 G. A., ch.
428, § 5; 38 G. A., ch. 348, § 3; 39 G. A., ch. 261, § 1.]
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SEC. 5633. Annual statement.
The president or the vice president and secretary of each company
organized or authorized to do business in the state shall annually,
on the first day of January of each year or within thirty days
thereafter, prepare under oath and file with the commissioner of insurance
a full, true and complete statement of the condition of such
company on the last day of the preceding month, which shall exhibit
the following items and facts :
First—The amount of capital stock of the company.
Second—The names of the officers.
Third—The name of the company and where located.
Fourth—The amount of its capital stock paid up.
Fifth—The property or assets held by the company, specifying:
1. The value of real estate owned by the company.
2. The amount of cash on hand and deposited in banks to the
credit of the company, and in what bank deposited.
3. The amount of cash in the hands of agents and in the course
of transmission.
4. The amount of loans secured by first mortgage on real estate,
with the rate of interest thereon.
5. The amount of all other bonds and loans and how secured,
with the rate of interest thereon.
6. The amount due the company on which judgment has been
obtained.
7. The amount of bonds of the state, of the United States, of any
county or municipal corporation of the state, and of any other bonds
owned by the company, specifying the amount and number thereof,
and par and market value of each kind.
8. The amount of bonds, stock and other evidences of indebtedness
held by such company as collateral security for loans, with amount
loaned on each kind, and its par and market value.
9. The amount of assessments on stock and premium notes, paid
and unpaid.
10. The amount of interest actually due and unpaid.
11. All other securities and their value.