Iowa Code 516A.5 – Tolling of statute
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Terms Used In Iowa Code 516A.5
- Insurer: means a person duly licensed in this state as an insurance company pursuant to this subtitle. See Iowa Code 510.1B
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
Commencement of an action by an insured under a provision included in an automobile liability or motor vehicle liability insurance policy pursuant to section 516A.1 tolls the statute of limitations for purposes of the insurer‘s subrogated cause of action against a party, as defined in section 668.2. Section 668.8 is also applicable to an action commenced as described in this section.