# Iowa Code § 508.5: Capital and surplus required

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.5

## Section

- **Citation:** Iowa Code § 508.5
- **Heading:** Capital and surplus required
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 508 / Section 508.5

## Text

(1) A stock life insurance company shall not be authorized to transact business under this chapter with less than five million dollars of capital and surplus paid in cash or invested as provided by law. A stock life insurance company shall not increase its capital stock unless the amount of the increase is fully paid in cash. A stock life insurance company authorized to do business in Iowa that undergoes a change of control as defined under chapter 521A shall maintain the minimum capital and surplus requirements mandated by this section.

(2) Notwithstanding subsection 1, a stock life insurance company, or any other life insurance company authorized to transact business under this chapter, shall comply with the minimum capital and surplus requirements of this chapter or chapter 521E, whichever is greater.

[C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8647; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.5]90 Acts, ch 1234, §5; 95 Acts, ch 185, §7; 96 Acts, ch 1046, §1, 21; 98 Acts, ch 1057, §3

## Nearby sections

- [Iowa Code § 508.1 Level premium and natural premium plan companies.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.1.md)
- [Iowa Code § 508.2 Articles — approval — bylaws.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.2.md)
- [Iowa Code § 508.3 Requirements of articles.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.3.md)
- [Iowa Code § 508.4 Approval of amendments to articles — bylaws.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.4.md)
- [Iowa Code § 508.5 Capital and surplus required.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.5.md)
- [Iowa Code § 508.6 Deposit of securities — certificate.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.6.md)
- [Iowa Code § 508.7 Loans to officers.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.7.md)
- [Iowa Code § 508.8 Insurance company officers conflicts of interest exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.8.md)
- [Iowa Code § 508.8A Loans to employees.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.8A.md)
- [Iowa Code § 508.9 Mutual companies — conditions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.9.md)
- [Iowa Code § 508.10 Foreign companies — capital or surplus — investments.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.10.md)
- [Iowa Code § 508.11 Annual statement.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.11.md)
- [Iowa Code § 508.12 Redomestication of insurers.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.12.md)
- [Iowa Code § 508.13 Annual certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.5. Check the current official text before relying on it. Not legal advice.