Iowa Code § 556.3A

Unclaimed demutualization proceeds held by insurance companies
Open in Lexace · Ask the AI about this section
1. Property distributable in the course of demutualization or related reorganization of an insurance company occurring on or after January 1, 2003, that remains unclaimed isdeemed abandoned two years after the earlier of: a. The firstdate on which the property of an insurance company being demutualized or reorganized was distributable. b. The date of last contact by the insurance company with a policyholder. 2. Property distributable in the course of demutualization or related reorganization of an insurance company occurring before January 1, 2003, that remains unclaimed is deemed abandoned two years after the firstdate on which the property of an insurance company being demutualized or reorganized was distributable.

‹ Prev All Iowa sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.