2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 516A - UNINSURED, UNDERINSURED, OR HIT=AND=RUN MOTORISTS
516A.4 - INSURER MAKING PAYMENT -- REIMBURSEMENT.

        516A.4  INSURER MAKING PAYMENT -- REIMBURSEMENT.
         In the event of payment to any person under the coverage required
      by this chapter and subject to the terms and conditions of such
      coverage, the insurer making such payment shall, to the extent
      thereof, be entitled to the proceeds of any settlement or judgment
      resulting from the exercise of any rights of recovery of such person
      against any person or organization legally responsible for the bodily
      injury for which such payment is made, including the proceeds
      recoverable from the assets of the insolvent insurer.  The person to
      whom said payment is made under the insolvency protection required by
      this chapter shall to the extent thereof, be deemed to have waived
      any right to proceed to enforce such a judgment against the assets of
      the judgment debtor who was insured by the insolvent insurer whose
      insolvency resulted in said payment being made, other than assets
      recovered or recoverable by such judgment debtor from such insolvent
      insurer.  

         [C71, 73, 75, 77, 79, 81, § 516A.4]