A foreign or alien society shall not transact business in this state without a license issued by the commissioner. A society desiring admission to this state shall substantially comply with the requirements and limitations of this chapter applicable to domestic societies. A society may be licensed to transact business in this state upon filing with the commissioner all of the following:
- 1. A duly certified copy of its articles of incorporation.
- 2. A copy of its bylaws, certified by its secretary or a corresponding officer.
- 3. A power of attorney to the commissioner of insurance as prescribed in section 512B.33.
- 4. A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its state of domicile, satisfactory to the commissioner.
- 5. Certification from the proper official of its state of domicile that the society is legally incorporated and licensed to transact business in that state.
- 6. Copies of its certificate forms.
- 7. Other information the commissioner requires.
- 8. A showing that its assets are invested in accordance with this chapter.
90 Acts, ch 1148, §28