514A.5 Application. 1. The insured shall not be bound by any statement made in an application for a policy unless a copy of such application is endorsed on the policy when issued as a part thereof oris furnished to the policyholder within thirty days after the policy is issued. If any such policydelivered or issued for delivery to any person in this state shall be reinstated or renewed, andthe insured or the beneficiary or assignee of such policy shall make written request to theinsurer for a copy of the application, if any, for such reinstatement or renewal, the insurershall within fifteen days after the receipt of such request at its home office or any branch officeof the insurer, deliver or mail to the person making such request, a copy of such application. Ifsuch copy shall not be so delivered or mailed, the insurer shall be precluded from introducingsuch application as evidence in any action or proceeding based upon or involving such policyor its reinstatement or renewal. 2. No alteration of any written application for any such policy shall be made by any person other than the applicant without the applicant’s written consent, except that insertions maybe made by the insurer, teration of any written application for any such policy shall be made by any person other than the applicant without the applicant’s written consent, except that insertions maybe made by the insurer, for administrative purposes only, in such manner as to indicate clearlythat such insertions are not to be ascribed to the applicant. 3. The falsity of any statement in the application for any policy covered by this chapter may not bar the right to recovery thereunder unless such false statement materially affectedeither the acceptance of the risk or the hazard assumed by the insurer. [C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514A.5]2005 Acts, ch 70, §12Referred to in §514D.3, 514D.7 Sat Dec 23 00:44:28 2023 Iowa Code 2024, Section 514A.5 (15, 0)
Iowa Legal Code