Iowa § 516.1 Inurement of policy

Iowa Statutes

§ 516.1 — Inurement of policy

Iowa § 516.1

Title XIIICOMMERCE

Ch. 516LIABILITY POLICIES — UNSATISFIED JUDGMENTS

This text of Iowa § 516.1 (Inurement of policy) 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 § 516.1 (2026).

Text

All policies insuring the legal liability of the insured, issued in this state by any company,
association or reciprocal exchange shall, notwithstanding any other provision of the statutes,
contain a provision providing that, in event an execution on a judgment against the insured
bereturnedunsatisfiedinanactionbyapersonwhoisinjuredorwhosepropertyisdamaged,
the judgment creditor shall have a right of action against the insurer to the same extent that
such insured could have enforced the insured’s claim against such insurer had such insured
paid such judgment.

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All policies insuring the legal liability of the insured, issued in this state by any company,
association or reciprocal exchange shall, notwithstanding any other provision of the statutes,
contain a provision providing that, in event an execution on a judgment against the insured
bereturnedunsatisfiedinanactionbyapersonwhoisinjuredorwhosepropertyisdamaged,
the judgment creditor shall have a right of action against the insurer to the same extent that
such insured could have enforced the insured’s claim against such insurer had such insured
paid such judgment.