516A.3 Effect of insolvency. 1. For the purpose of this chapter, the term 'uninsured motor vehicle' shall, subject to the terms and conditions of the coverage required in this chapter, be deemed to includean insured motor vehicle with respect to which insolvency proceedings have been institutedagainst the liability insurer thereof by the insurance regulatory official of this or any otherstate or territory of the United States or of the District of Columbia. 2. An insurer’s insolvency protection is applicable only to accidents occurring during a policy period in which its insured’s uninsured motorist coverage is in effect and only if theliability insurer of the tortfeasor is insolvent at the time of such an accident or becomesinsolvent after the accident. [C71, 73, 75, 77, 79, 81, §516A.3]91 Acts, ch 26, §46; 92 Acts, ch 1162, §46; 2021 Acts, ch 76, §150; 2022 Acts, ch 1021, §153 Sat Dec 23 00:50:00 2023 Iowa Code 2024, Section 516A.3 (20, 0)
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