508.6 - DEPOSIT OF SECURITIES -- CERTIFICATE.

        508.6  DEPOSIT OF SECURITIES -- CERTIFICATE.         Securities in the amount of the capital and surplus required under      section 508.5 shall be deposited with the commissioner of insurance      or at such places as the commissioner may designate.  When the      deposit is made and evidence furnished, by affidavit or otherwise,      satisfactory to the commissioner, that the capital stock is all fully      paid and the company possessed of the surplus required and that the      company is the actual and unqualified owner of the securities      representing the paid- up capital stock or other funds of the      company, and all laws have been complied with, the commissioner shall      issue the company the certificate provided for in this chapter.  
         Section History: Early Form
         [C73, § 1162; C97, § 1769; C24, 27, 31, 35, 39, § 8648; C46,      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 508.6; 82 Acts, ch      1095, § 1] 
         Section History: Recent Form
         85 Acts, ch 228, §1