2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.136 - VALUE OF BUILDING -- LIABILITY.

        515.136  VALUE OF BUILDING -- LIABILITY.
         The insurance company or association issuing such policy may show
      the actual value of said property at date of policy, and any
      depreciation in the value thereof before the loss occurred; but the
      said insurance company or association shall be liable for the actual
      value of the property insured at the date of the loss, unless such
      value exceeds the amount stated in the policy.  

         Section History: Early Form

         [C97, § 1742; C24, 27, 31, 35, 39, § 8977; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 515.97] 

         Section History: Recent Form

         2007 Acts, ch 152, § 23
         CS2007, § 515.136
         Similar provision, § 518A.24 

         Footnotes

         Former § 515.136 transferred to § 515.153; 2007 Acts, ch 152, § 42