516A.4 Insurer making payment — reimbursement. In the event of payment to any person under the coverage required by this chapter and subject to the terms and conditions of such coverage, the insurer making such paymentshall, to the extent thereof, be entitled to the proceeds of any settlement or judgmentresulting from the exercise of any rights of recovery of such person against any personor organization legally responsible for the bodily injury for which such payment is made,including the proceeds recoverable from the assets of the insolvent insurer. The personto whom said payment is made under the insolvency protection required by this chaptershall to the extent thereof, be deemed to have waived any right to proceed to enforce sucha judgment against the assets of the judgment debtor who was insured by the insolventinsurer whose insolvency resulted in said payment being made, other than assets recoveredor recoverable by such judgment debtor from such insolvent insurer. [C71, 73, 75, 77, 79, 81, §516A.4] Sat Dec 23 00:50:02 2023 Iowa Code 2024, Section 516A.4 (16, 0)
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