Iowa Code
Chapter 598 - DISSOLUTION OF MARRIAGE AND DOMESTIC RELATIONS
Section 598.20B - Beneficiary revocation — other contracts.

598.20B Beneficiary revocation — other contracts.
1. Except as preempted by federal law, if a decree of dissolution, annulment, or separate maintenance is issued after a participant, annuitant, or account holder has designated the participant’s, annuitant’s, or account holder’s spouse or one or more relatives of the participant’s, annuitant’s, or account holder’s spouse as beneficiary under any individual retirement account, stock option plan, transfer on death account, payable on death account, or annuity in force at the date of the decree, a provision in the retirement account, stock option plan, transfer on death account, payable on death account, or annuity designating the participant’s, annuitant’s, or account holder’s spouse or one or more relatives of the participant’s, annuitant’s, or account holder’s spouse as beneficiary is voided by the issuance of the decree unless any of the following apply:
a. The decree designates the participant’s, annuitant’s, or account holder’s spouse or one or more relatives of the participant’s, annuitant’s, or account holder’s spouse as beneficiary.
b. After issuance of the decree, the participant, annuitant, or account holder executes a designation of beneficiary form provided by the plan or company naming the participant’s, annuitant’s, or account holder’s former spouse or one or more relatives of the participant’s, annuitant’s, or account holder’s former spouse as the beneficiary.
c. The participant, annuitant, or account holder and the participant’s, annuitant’s, or account holder’s former spouse remarry.
d. Prior to the issuance of the decree, annuity payments have irrevocably commenced based on the joint life expectancies of the participant, annuitant, or account holder and the participant’s, annuitant’s, or account holder’s former spouse.
2. If a beneficiary designation is not effective pursuant to subsection 1, the benefits or proceeds from the individual retirement account, stock option plan, transfer on death account, payable on death account, or annuity are payable to an alternate beneficiary, or if there is no alternate beneficiary, to the estate of the participant, annuitant, or account holder.
3. A business entity, employer, insurer, financial institution, or other person or entity obligated to pay the benefits or proceeds from an individual retirement account, stock option plan, transfer on death account, payable on death account, or annuity to a beneficiary under a designation that is void pursuant to subsection 1 is not liable for payment of the benefits or proceeds to a beneficiary as provided under subsection 2 unless both of the following apply:
a. At least ten days prior to payment of the benefits or proceeds to the designated beneficiary, the business entity, employer, insurer, financial institution, or other person or entity obligated to pay the benefits or proceeds receives written notice at the home office of the business entity, employer, insurer, financial institution, or other person or entity that the designation of the beneficiary is not effective pursuant to subsection 1.
b. The business entity, employer, insurer, financial institution, or other person or entity has failed to interplead the benefits or proceeds in a court of competent jurisdiction in accordance with the rules of civil procedure.
4. This section does not limit the right of a beneficiary to seek recovery from any person or entity that erroneously receives or collects the benefits or proceeds of an individual retirement account, stock option plan, transfer on death account, payable on death account, or annuity.
5. This section does not affect the right of the participant’s, annuitant’s, or account holder’s former spouse to assert an ownership interest in an individual retirement account, stock option plan, transfer or payable on death account, or annuity that is not disclosed to the participant’s, annuitant’s, or account holder’s spouse prior to the issuance of the decree of dissolution, annulment, or separate maintenance and that is not addressed by the decree.
6. For purposes of this section, “relative of the participant’s, annuitant’s, or account holder’s spouse” means a person who is related to the participant’s, annuitant’s, or account holder’s former spouse by blood, adoption, or affinity, and who, subsequent to a decree of dissolution, annulment, or separate maintenance ceases to be related to the participant, annuitant, or account holder by blood, adoption, or affinity.
2007 Acts, ch 134, §5, 28

Structure Iowa Code

Iowa Code

Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES

Chapter 598 - DISSOLUTION OF MARRIAGE AND DOMESTIC RELATIONS

Section 598.1 - Definitions.

Section 598.2 - Jurisdiction and venue.

Section 598.2A - Choice of law.

Section 598.3 - Kind of action — joinder.

Section 598.4 - Caption of petition for dissolution.

Section 598.5 - Contents of petition — verification — evidence.

Section 598.6 - Additional contents.

Section 598.7 - Mediation.

Section 598.7A - Mediation.

Section 598.8 - Hearings — exceptions.

Section 598.9 - Residence — failure of proof.

Section 598.10 - Temporary orders.

Section 598.11 - How temporary order made — changes — retroactive modification.

Section 598.12 - Guardian ad litem for minor child.

Section 598.12A - Attorney for minor child.

Section 598.12B - Child custody investigators and child and family reporters.

Section 598.13 - Financial statements filed.

Section 598.14 - Attachment.

Section 598.14A - Retroactive modification of temporary support order.

Section 598.14B - Child visitation — temporary custody orders.

Section 598.15 - Mandatory course — parties to certain proceedings.

Section 598.16 - Conciliation — domestic relations divisions.

Section 598.17 - Dissolution of marriage — evidence.

Section 598.18 - Recrimination not a bar to dissolution of marriage.

Section 598.19 - Waiting period before decree.

Section 598.19A - Mandatory course — parties to certain proceedings.

Section 598.20 - Forfeiture of marital rights.

Section 598.20A - Beneficiary revocation — life insurance.

Section 598.20B - Beneficiary revocation — other contracts.

Section 598.21 - Orders for disposition of property.

Section 598.21A - Orders for spousal support.

Section 598.21B - Orders for child support and medical support.

Section 598.21C - Modification of child, spousal, or medical support orders.

Section 598.21D - Relocation of parent as grounds to modify order of child custody.

Section 598.21E - Contesting paternity to challenge child support order.

Section 598.21F - Postsecondary education subsidy.

Section 598.21G - Minor parent — parenting classes.

Section 598.22 - Support payments — clerk of court — collection services center or comparable government entity in another state — defaults — security.

Section 598.22A - Satisfaction of support payments.

Section 598.22B - Information required in order or judgment.

Section 598.22C - Child support — social security disability dependent benefits.

Section 598.22D - Separate fund or conservatorship for support.

Section 598.23 - Contempt proceedings — alternatives to jail sentence.

Section 598.23A - Contempt proceedings for provisions of support payments — activity governed by a license.

Section 598.24 - Costs if party is in default or contempt.

Section 598.25 - Parties and court granting marriage dissolution decree — notice.

Section 598.26 - Record — impounding — violation indictable.

Section 598.28 - Separate maintenance and annulment.

Section 598.29 - Annulling illegal marriage — causes.

Section 598.30 - Validity determined.

Section 598.31 - Children — legitimacy.

Section 598.32 - Annulment — compensation.

Section 598.33 - Order to vacate.

Section 598.34 - Recipients of public assistance — assignment of support payments.

Section 598.35 - Grandparent — great-grandparent — visitation rights.

Section 598.36 - Attorney fees in proceeding to modify order or decree.

Section 598.37 - Name change.

Section 598.41 - Custody of children.

Section 598.41A - Visitation — history of crimes against a minor.

Section 598.41B - Visitation — restrictions — murder of parent.

Section 598.41C - Modification of child custody or physical care — active duty.

Section 598.41D - Assignment of visitation or physical care parenting time — parent serving active duty — family member.

Section 598.42 - Notice of certain orders by clerk of court.