87.8 Insolvency clause prohibited.
No policy of insurance issued under this chapter shall contain any provision relieving the insurer from payment if the insured becomes insolvent or discharged in bankruptcy during the period that the policy is in operation, or the compensation, or any part of it, is unpaid.
[S13, §2477-m48; C24, 27, 31, 35, 39, §1474; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §87.8]
Structure Iowa Code
Title III - PUBLIC SERVICES AND REGULATION
Chapter 87 - WORKERS’ COMPENSATION OR EMPLOYERS’ LIABILITY INSURANCE
Section 87.1 - Insurance of liability required.
Section 87.2 - Notice of failure to insure.
Section 87.3 - Maximum commission for renewal.
Section 87.4 - Group and self-insured plans — tax exemption — plan approval.
Section 87.5 - Benefit insurance.
Section 87.6 - Certificate of approval.
Section 87.7 - Termination of plan — appeal.
Section 87.8 - Insolvency clause prohibited.
Section 87.9 - Policy clauses required.
Section 87.10 - Other policy requirements.
Section 87.11 - Relief from insurance — procedures upon employer’s insolvency.
Section 87.11A - Examination required.
Section 87.11B - Obligation to assist an examination — oaths.
Section 87.11C - Self-insurance examiners.
Section 87.11D - Payment of examination expenses by the self-insured employer.
Section 87.11E - Penalties for filing false financial statements.
Section 87.13 - Interpretative clause.
Section 87.14A - Insurance required.
Section 87.19 - Failure to comply — proceedings.
Section 87.20 - Revocation of release from insurance.
Section 87.21 - Employer failing to insure.
Section 87.23 - Compensation liability insurance not required.