Iowa Code 514A.4 – Conforming to statute
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 514A.4
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Statute: A law passed by a legislature.
514A.4 Conforming to statute.
1. Other policy provisions. A policy provision which is not subject to § 514A.3 shall
not make a policy, or any portion of a policy, less favorable in any respect to the insured or the beneficiary than the provisions of the policy which are subject to this chapter.
2. Policy conflicting with this chapter. A policy delivered or issued for delivery to any
person in this state in violation of this chapter shall be held valid but shall be construed as provided in this chapter. When any provision in a policy subject to this chapter is in conflict with any provision of this chapter, the rights, duties and obligations of the insurer, the insured and the beneficiary shall be governed by the provisions of this chapter.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514A.4]
2019 Acts, ch 59, §185
Referred to in §514A.12, 514D.3, 514D.7
1. Other policy provisions. A policy provision which is not subject to § 514A.3 shall
not make a policy, or any portion of a policy, less favorable in any respect to the insured or the beneficiary than the provisions of the policy which are subject to this chapter.
2. Policy conflicting with this chapter. A policy delivered or issued for delivery to any
person in this state in violation of this chapter shall be held valid but shall be construed as provided in this chapter. When any provision in a policy subject to this chapter is in conflict with any provision of this chapter, the rights, duties and obligations of the insurer, the insured and the beneficiary shall be governed by the provisions of this chapter.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514A.4]
2019 Acts, ch 59, §185
Referred to in §514A.12, 514D.3, 514D.7