Iowa § 507C.19 Continuance of coverage

Iowa Statutes

§ 507C.19 — Continuance of coverage

Iowa § 507C.19

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.19 (Continuance of coverage) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507C.19 (2026).

Text

1.Except for life or health insurance or annuities, policies in effect at the time of issuance of an order of liquidation shall continue in force only for the lesser of:

a.A period of thirty days from the date of entry of the liquidation orders.

b.The expiration of the policy coverage.

c.The date when the insured has replaced the insurance coverage with equivalent insurance in another insurer or otherwise terminated the policy.

d.The liquidator has effected a transfer of the policy obligation pursuant to section 507C.21, subsection 1, paragraph “h”.

2.An order or liquidation under section 507C.18 shall terminate coverages at the time specified in subsection 1 for purposes of any other statute.

3.Policies of life or health insurance or annuities shall continue in force for the period

Free access — add to your briefcase to read the full text and ask questions with AI

1. Except for life or health insurance or annuities, policies in effect at the time of issuance
of an order of liquidation shall continue in force only for the lesser of:
a. A period of thirty days from the date of entry of the liquidation orders.
b. The expiration of the policy coverage.
c. The date when the insured has replaced the insurance coverage with equivalent
insurance in another insurer or otherwise terminated the policy.
d. The liquidator has effected a transfer of the policy obligation pursuant to section
507C.21, subsection 1, paragraph “h”.
2. An order or liquidation under section 507C.18 shall terminate coverages at the time
specified in subsection 1 for purposes of any other statute.
3. Policies of life or health insurance or annuities shall continue in force for the period
andundertermsasisprovidedforbyanyapplicableguarantyassociationorforeignguaranty
association.
4. Policies of life or health insurance or annuities or any period or coverage of the policies
not covered by a guaranty association or foreign guaranty association shall terminate under
subsections 1 and 2.