507C.43 Liquidator’s recommendations to court. 1. The liquidator shall review claims duly filed in the liquidation and shall make further investigation as necessary. The liquidator may compound, compromise or in any othermanner negotiate the amount for which claims will be recommended to the court exceptwhere the liquidator is required by law to accept claims as settled by a person or organization,including a guaranty association or foreign guaranty association. Unresolved disputes shallbe determined under section 507C.39. As soon as practicable, the liquidator shall present tothe court a report of the claims against the insurer with the liquidator’s recommendations.The report shall include the name and address of each claimant and the amount of theclaim finally recommended. If the insurer has issued annuities or life insurance policies, theliquidator shall report the persons to whom, according to the records of the insurer, amountsare owed as cash surrender values or other investment value and the amounts owed. 2. The court may approve, disapprove, or modify the report on claims by the liquidator. ecords of the insurer, amountsare owed as cash surrender values or other investment value and the amounts owed. 2. The court may approve, disapprove, or modify the report on claims by the liquidator. Reports not modified by the court within sixty days following submission by the liquidatorshall be treated by the liquidator as allowed claims, subject to later modification or to rulingsmade by the court pursuant to section 507C.39. A claim under a policy of insurance shall notbe allowed for an amount in excess of the applicable policy limits. 84 Acts, ch 1175, §43Referred to in §507C.56 Sat Dec 23 00:39:55 2023 Iowa Code 2024, Section 507C.43 (19, 0)
Iowa Legal Code