# Iowa Code § 533.109: Insurance and surety bond

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.109

## Section

- **Citation:** Iowa Code § 533.109
- **Heading:** Insurance and surety bond
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 533 / Section 533.109

## Text

(1) The superintendent shall acquire good and sufficient bond in a company authorized to do business in this state in order to ensure both of the following:

(1) (a) The faithful performance of the deputy superintendent, assistants, examiners, and all other employees of the credit union division.

(1) (b) Protection from any liability that may accrue in case of the loss of property of a state credit union, or of a member of a state credit union or of any other person, in the course of an examination, investigation, or other function required or allowed by the laws of this state.

(2) The superintendent shall be bonded in accordance with chapter 64, provided that such bond shall be in the amount of one hundred thousand dollars.

2007 Acts, ch 174, §9

## Nearby sections

- [Iowa Code § 533.101 Title.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.101.md)
- [Iowa Code § 533.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.102.md)
- [Iowa Code § 533.103 Credit union division created.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.103.md)
- [Iowa Code § 533.104 Superintendent of credit unions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.104.md)
- [Iowa Code § 533.105 Deputy superintendent.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.105.md)
- [Iowa Code § 533.106 Employees.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.106.md)
- [Iowa Code § 533.106A Background investigations.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.106A.md)
- [Iowa Code § 533.107 Credit union review board.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.107.md)
- [Iowa Code § 533.108 Records of credit union division.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.108.md)
- [Iowa Code § 533.109 Insurance and surety bond.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.109.md)
- [Iowa Code § 533.110 Reimbursement of expenses.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.110.md)
- [Iowa Code § 533.111 Expenses of the credit union division.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.111.md)
- [Iowa Code § 533.112 Annual and individual fees examination fees delinquencies.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.112.md)
- [Iowa Code § 533.113 Examinations.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C533_S533.109. Check the current official text before relying on it. Not legal advice.