{"data":{"id":"us-ia/iowa-code-515.7","jurisdiction":"us-ia","citation":"Iowa Code § 515.7","heading":"Stock and mutual plan distinguished.","body":"No company shall be organized to do business upon both stock and mutual plans; nor shall a company organized as a stock company do business upon the plan of a mutual company; nor shall a company organized upon the mutual plan do business or take risks upon the stock plan.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 515 - INSURANCE OTHER THAN LIFE","Subchapter I - INCORPORATION — RESTRICTIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/515.7.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:13Z","sha256":"4bbaa997db90c6e8fbfa654cc2812b6ec46e8aa47104aa8a4fd309a39dcf47b8","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-515.6","next":"us-ia/iowa-code-515.8"},"notice":"GroundRules: Original legal text. Not legal advice."}