Iowa § 523A.605 Allocation of growth or interest

Iowa Statutes

§ 523A.605 — Allocation of growth or interest

Iowa § 523A.605

Title XIIICOMMERCE

Ch. 523ACEMETERY AND FUNERAL MERCHANDISE AND FUNERAL SERVICES

This text of Iowa § 523A.605 (Allocation of growth or interest) 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 § 523A.605 (2026).

Text

If a purchase agreement funded by insurance proceeds under section 523A.401 or by
annuity proceeds under section 523A.402 includes nonguaranteed merchandise or services,
the purchaser, beneficiary, or the beneficiary’s estate shall receive a credit for, and the benefit
of, any growth in death benefits that is at least equal to the percentage of the total price under
the purchase agreement that is attributable to the nonguaranteed merchandise or services.

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If a purchase agreement funded by insurance proceeds under section 523A.401 or by
annuity proceeds under section 523A.402 includes nonguaranteed merchandise or services,
the purchaser, beneficiary, or the beneficiary’s estate shall receive a credit for, and the benefit
of, any growth in death benefits that is at least equal to the percentage of the total price under
the purchase agreement that is attributable to the nonguaranteed merchandise or services.