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Iowa Code § 510.19

Claim adjustment and settlement

Iowa · Iowa Code Chapter 510 — Managing General Agents and Third-Party Administrators · Status: effective

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Iowa Code § 510.19, Claim adjustment and settlement, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2263846
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The compensation paid to a third-party administrator shall not be contingent on claim experience on policies for which the third-party administrator adjusts or settles claims. This section does not prevent the compensation of a third-party administrator from being based on premiums or charges collected or number of claims paid or processed.