2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.43 - LIQUIDATOR'S RECOMMENDATIONS TO THE COURT.

        507C.43  LIQUIDATOR'S RECOMMENDATIONS TO THE COURT.
         1.  The liquidator shall review claims duly filed in the
      liquidation and shall make further investigation as necessary.  The
      liquidator may compound, compromise or in any other manner negotiate
      the amount for which claims will be recommended to the court except
      where the liquidator is required by law to accept claims as settled
      by a person or organization, including a guaranty association or
      foreign guaranty association.  Unresolved disputes shall be
      determined under section 507C.39.  As soon as practicable, the
      liquidator shall present to the court a report of the claims against
      the insurer with the liquidator's recommendations.  The report shall
      include the name and address of each claimant and the amount of the
      claim finally recommended.  If the insurer has issued annuities or
      life insurance policies, the liquidator shall report the persons to
      whom, according to the records of the insurer, amounts are owed as
      cash surrender values or other investment value and the amounts owed.

         2.  The court may approve, disapprove, or modify the report on
      claims by the liquidator.  Reports not modified by the court within
      sixty days following submission by the liquidator shall be treated by
      the liquidator as allowed claims, subject to later modification or to
      rulings made by the court pursuant to section 507C.39.  A claim under
      a policy of insurance shall not be allowed for an amount in excess of
      the applicable policy limits.  

         84 Acts, ch 1175, § 43
         Referred to in § 507C.56