Iowa Insurance Commissioner Bulletin: March 5, 2009

(2009) Iowa Insurance Commissioner Bulletin: March 5, 2009. Insurance Division (Commerce)


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This bulletin is intended to promote understanding of Actual Cash Value settlements in property policies that do not contain a definition of Actual Cash Value (ACV). If the governing property policy does not define ACV, Iowa law allows insurers to take into consideration items including, but not limited to: 1. the market value of the property at the time of the loss; 2. replacement cost at the time of the loss less depreciation; and 3. any other relevant evidence or information to determine ACV.

Item Type: Departmental Report
Keywords: Insurance, Worker Compensation, Guidelines to insurance
Subjects: Business and industry > Insurance
Business and industry > Insurance > Health insurance and health care coverage > Workers compensation
ID Code: 23458
Deposited By: Margaret Barr
Deposited On: 17 Feb 2017 19:54
Last Modified: 17 Feb 2017 19:54