(2009) Iowa Insurance Commissioner Bulletin: March 5, 2009. Insurance Division (Commerce)
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bull0903.pdf File Size:58kB |
Abstract
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 |
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| 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 |
| URI: | https://publications.iowa.gov/id/eprint/23458 |