Iowa Code 633.537 – Third party nonliability
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Terms Used In Iowa Code 633.537
- bank: means an entity as defined in section 12C. See Iowa Code 633D.2
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Any insurance company, bank, or other obligor making payment according to the terms of its policy or obligation is not liable by reason of section 633.535 unless prior to payment it has received at its home office or principal address written notice of the claimed applicability of section 633.535.