322.18 Dual-interest insurance.
If dual-interest insurance on the motor vehicle is purchased by the holder it shall, within thirty days after execution of the retail installment contract, send or cause to be sent to the buyer a policy or policies or certificate of insurance, written by an insurance company authorized to do business in this state, clearly setting forth the amount of the premium, the kind or kinds of insurance and the coverages. The buyer shall have the privilege of purchasing such insurance from an agent or broker of the buyer’s own selection and of selecting an insurance company acceptable to the holder; but in such case the inclusion of the insurance premium in the retail installment contract shall be optional with the seller. If any insurance is canceled, unearned insurance premium refunds received by the holder shall be credited to the final maturing installments of the contract except to the extent applied toward payment for similar insurance protecting the interests of the buyer and the holder or either of them.
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §322.18]
Structure Iowa Code
Chapter 322 - MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS, WHOLESALERS, AND DEALERS
Section 322.1 - Administration.
Section 322.3 - Prohibited acts.
Section 322.4 - Application for license.
Section 322.5 - License fees — temporary permits.
Section 322.6 - Denial of license.
Section 322.7 - License of motor vehicle dealer.
Section 322.7A - Used motor vehicle dealer education program.
Section 322.7B - Consignment sales of motor trucks.
Section 322.8 - Supplemental statements.
Section 322.9 - Revocation or suspension of license.
Section 322.10 - Judicial review.
Section 322.12 - Disposition of fees.
Section 322.15 - Construction of chapter.
Section 322.17 - Copy of contract to buyer.
Section 322.18 - Dual-interest insurance.
Section 322.19 - Finance charges — amount.
Section 322.19A - Documentary fee.
Section 322.20 - Extension of time.
Section 322.21 - Remaining balance on trade vehicle.
Section 322.24 - Hearing — subpoenas.
Section 322.27 - Manufacturer’s license.
Section 322.27A - Wholesaler’s license.
Section 322.28 - Distributor or wholesaler’s license.
Section 322.29 - Issuance of license — fees.
Section 322.31 - Denial of license.
Section 322.32 - Construction of applicability to contracts.
Section 322.33 - Applicability of the Iowa consumer credit code.
Section 322.35 - Disclosure of manufacturer’s suggested price for certain motor vehicles — penalty.
Section 322.36 - Motorcycle and autocycle dealer business hours.