Iowa § 507C.37 Special claims

Iowa Statutes

§ 507C.37 — Special claims

Iowa § 507C.37

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.37 (Special claims) 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.37 (2026).

Text

1.The claim of a third party which is contingent only on the third party first obtaining a judgment against the insured shall be considered and allowed as if there were no such contingency.

2.A claim may be allowed even if contingent, if it is filed in accordance with section 507C.35. Itmaybeallowedandtheclaimantmayparticipateinalldistributionsdeclaredafter it is filed to the extent that it does not prejudice the orderly administration of the liquidation.

3.Claims that are due except for the passage of time shall be treated as absolute claims are treated. However, the claims may be discounted at the legal rate of interest.

4.Claims made under employment contracts by directors, principal officers, or persons in fact performing similar functions or having similar powers are limited to pa

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1. The claim of a third party which is contingent only on the third party first obtaining
a judgment against the insured shall be considered and allowed as if there were no such
contingency.
2. A claim may be allowed even if contingent, if it is filed in accordance with section
507C.35. Itmaybeallowedandtheclaimantmayparticipateinalldistributionsdeclaredafter
it is filed to the extent that it does not prejudice the orderly administration of the liquidation.
3. Claims that are due except for the passage of time shall be treated as absolute claims
are treated. However, the claims may be discounted at the legal rate of interest.
4. Claims made under employment contracts by directors, principal officers, or persons
in fact performing similar functions or having similar powers are limited to payment for
services rendered prior to the issuance of an order of rehabilitation or liquidation under
section 507C.13 or 507C.18.