2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.125 - FORFEITURE OF POLICIES -- NOTICE.

        515.125  FORFEITURE OF POLICIES -- NOTICE.
         1.  Unless otherwise provided in section 515.127 or 515.128, a
      policy or contract of insurance provided for in this chapter shall
      not be forfeited, suspended, or canceled except by notice to the
      insured as provided in this chapter.  A notice of cancellation is not
      effective unless mailed or delivered by the insurer to the named
      insured at least thirty days before the effective date of
      cancellation, or, where cancellation is for nonpayment of a premium,
      assessment, or installment provided for in the policy, or in a note
      or contract for the payment thereof, at least ten days prior to the
      date of cancellation.  The notice may be made in person, or by
      sending by mail a letter addressed to the insured at the insured's
      address as given in or upon the policy, anything in the policy,
      application, or a separate agreement to the contrary notwithstanding.

         2.  An insurer shall not fail to renew a policy except by notice
      to the insured as provided in this chapter.  A notice of intention
      not to renew is not effective unless mailed or delivered by the
      insurer to the named insured at least thirty days prior to the
      expiration date of the policy.  A notice of intention not to renew is
      not required if the insured is transferred from an insurer to an
      affiliate for future coverage as a result of a merger, acquisition,
      or company restructuring and if the transfer results in the same or
      broader coverage.
         3.  If the reason does not accompany the notice of cancellation or
      nonrenewal, the insurer shall, upon receipt of a timely request by
      the named insured, state in writing the reason for cancellation or
      nonrenewal.  

         Section History: Early Form

         [C97, § 1727; C24, 27, 31, 35, 39, § 8959; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 515.80] 

         Section History: Recent Form

         87 Acts, ch 132, § 3; 88 Acts, ch 1112, § 404; 90 Acts, ch 1234, §
      38; 2002 Acts, ch 1111, §17; 2007 Acts, ch 152, § 9, 58
         CS2007, § 515.125
         2008 Acts, ch 1074, §9
         Referred to in § 509B.5, 515.126, 515D.5, 515D.7
         Continuation rights and notice under group accident and health
      insurance, see §509B.5
         See § 515D.5, 515D.7 

         Footnotes

         Former § 515.125 transferred to § 515.105; 2007 Acts, ch 152, § 33