514A.3A - REFUND OF UNEARNED PREMIUM UPON DEATH OF INSURED.

        514A.3A  REFUND OF UNEARNED PREMIUM UPON DEATH OF      INSURED.         In the event of the death of the insured of any policy covered by      this chapter, the insurer, upon receipt of notice of the insured's      death supported by a certified copy of a valid death certificate and      a request for a pro rata refund by a party entitled to claim such a      refund, shall refund the unearned premium prorated to the month of      the insured's death.  Refund of the premium and termination of the      coverage shall be without prejudice to any claim originating prior to      the date of the insured's death.  The commissioner of insurance shall      adopt by rule the minimum amount required for issuance of a refund.      
         Section History: Recent Form
         2004 Acts, ch 1110, §39         Referred to in § 514D.3, 514D.7