Iowa § 537.3207 Form of insurance premium loan agreement

Iowa Statutes

§ 537.3207 — Form of insurance premium loan agreement

Iowa § 537.3207

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.3207 (Form of insurance premium loan agreement) 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 § 537.3207 (2026).

Text

An agreement pursuant to which an insurance premium loan is made shall contain the
namesoftheinsuranceproducernegotiatingeachpolicyorcontractandoftheinsurerissuing
each policy or contract, the number and inception date of, and premium for, each policy or
contract, the date on which the term of the loan begins, and a clear and conspicuous notice
that each policy or contract may be canceled if payment is not made in accordance with the
agreement. If a policy or contract has not been issued when the agreement is signed, the
agreement may provide that the insurance producer may insert the appropriate information
in the agreement and, if they do so, shall furnish the information promptly in writing to the
insured.

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An agreement pursuant to which an insurance premium loan is made shall contain the
namesoftheinsuranceproducernegotiatingeachpolicyorcontractandoftheinsurerissuing
each policy or contract, the number and inception date of, and premium for, each policy or
contract, the date on which the term of the loan begins, and a clear and conspicuous notice
that each policy or contract may be canceled if payment is not made in accordance with the
agreement. If a policy or contract has not been issued when the agreement is signed, the
agreement may provide that the insurance producer may insert the appropriate information
in the agreement and, if they do so, shall furnish the information promptly in writing to the
insured.