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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 518A - STATE MUTUAL INSURANCE ASSOCIATIONS
518A.24 - VALUE OF BUILDING -- LIABILITY.

        518A.24  VALUE OF BUILDING -- LIABILITY.
         The 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 association shall be
      liable for the actual value of the property insured at the date of
      the loss, unless such value exceeds the amount of insurance stated in
      the policy.
         Section History: Early Form
         [C24, 27, 31, 35, 39, § 9050; C46, 50, 54, 58, 62, § 518.24;
      C66, 71, 73, 75, 77, 79, 81, § 518A.24]
         Similar provision, § 515.136

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