# Iowa Code § 508.7: Loans to officers

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C508_S508.7

## Section

- **Citation:** Iowa Code § 508.7
- **Heading:** Loans to officers
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 508 / Section 508.7

## Text

Except as permitted in sections 508.8 and 508.8A, the capital or other funds shall not be loaned directly or indirectly to an officer, director, stockholder, or employee of the company or directly or indirectly to a relative of an officer or director of the company.

[C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8649; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.7; 81 Acts, ch 166, §1]91 Acts, ch 213, §4

## 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_S508.7. Check the current official text before relying on it. Not legal advice.