Iowa Code § 511.39 (2026)

A charitable organization described in section 501(c)(3) of the Internal Revenue Code, as defined in section 422.3, has an insurable interest in the life of a person who, when purchasing a life insurance policy, makes a donation to the charitable organization or makes the charitable organization the beneficiary of all or a part of the proceeds of the policy or joins with a charitable organization in applying for an insurance policy which when issued\n\nTue Dec 09 22:05:29 2025 Iowa Code 2026, Chapter 511 (41, 0) §511.39, LIFE INSURANCE COMPANIES AND ASSOCIATIONS 16\n\nwill insure that person’s life and name the organization as owner or beneficiary of all or any portion of the benefits of the life insurance policy. 92 Acts, ch 1162, §16 Referred to in §508E.13