§ 514A.2 — Form of policy

Iowa § 514A.2

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 514A: ACCIDENT AND HEALTH INSURANCE

Text

1. No policy of accident and sickness insurance shall be delivered or issued for delivery
to any person in this state unless:
a. The entire money and other considerations therefor are expressed therein; and
b. The time at which the insurance takes effect and terminates is expressed therein; and
c. It purports to insure only one person, except that a policy may insure, originally or
by subsequent amendment, upon the application of an adult member of a family who shall
be deemed the policyholder, any two or more eligible members of that family, including
husband, wife, dependent children or any children under a specified age which shall not
exceed nineteen years and any other person dependent upon the policyholder; and
d. Thestyle,arrangementandover-allappearanceofthepolicygivenoundueprominence
to any portion of the text, and unless every printed portion of the text of the policy and
of any endorsements or attached papers is plainly printed in light-faced type of a style in
general use, the size of which shall be uniform and not less than ten point with a lower-case
unspacedalphabetlengthnotlessthanonehundredandtwentypoint(the“text”shallinclude
all printed matter except the name and address of the insurer, name or title of the policy, the
brief description if any, and captions and subcaptions); and
e. The exceptions and reductions of indemnity are set forth in the policy and, except
those which are set forth in section 514A.3, are printed, at the insurer’s option, either
included with the benefit provision to which they apply, or under an appropriate caption such
as “exceptions”, or “exceptions and reductions”, provided that if an exception or reduction
§514A.2, ACCIDENT AND HEALTH INSURANCE 2
specifically applies only to a particular benefit of the policy, a statement of such exception or
reduction shall be included with the benefit provision to which it applies; and
f. Each such form, including riders and endorsements, shall be identified by a form
number in the lower left-hand corner of the first page thereof; and
g. It contains no provision purporting to make any portion of the charter, rules,
constitution, or bylaws of the insurer a part of the policy unless such portion is set forth in
full in the policy, except in the case of the incorporation of, or reference to, a statement of
rates or classification of risks, or short-rate table filed with the commissioner.
2. If any policy is issued by an insurer domiciled in this state for delivery to a person
residing in another state, and if the official having responsibility for the administration of the
insurance laws of such other state shall have advised the commissioner that any such policy
is not subject to approval or disapproval by such official, the commissioner may by ruling
require that such policy meet the standards set forth in subsection 1 of this section and in
section 514A.3.

Legislative History

[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514A.2]