Iowa Code 668.9 – Insurance practice
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Terms Used In Iowa Code 668.9
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
668.9 Insurance practice.
It shall be an unfair trade practice, as defined in chapter 507B, if an insurer assigns a
percentage of fault to a claimant, for the purpose of reducing a settlement, when there exists no reasonable evidence upon which the assigned percentage of fault could be based. The prohibitions and sanctions of chapter 507B shall apply to violations of this section.
84 Acts, ch 1293, §9
It shall be an unfair trade practice, as defined in chapter 507B, if an insurer assigns a
percentage of fault to a claimant, for the purpose of reducing a settlement, when there exists no reasonable evidence upon which the assigned percentage of fault could be based. The prohibitions and sanctions of chapter 507B shall apply to violations of this section.
84 Acts, ch 1293, §9