Current through March 29, 2024
Section 321A.15 - Payments sufficient to satisfy requirements1. Judgments referred to in this chapter shall, for the purpose of this chapter only, be deemed satisfied when the following occur: a. When twenty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one accident.b. When, subject to the limit of twenty thousand dollars because of bodily injury to or death of one person, the sum of forty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one accident.c. When fifteen thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident.2. Provided, however, payments made in settlements of any claims because of bodily injury, death, or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.Amended by 2022 Iowa, ch 1021, s 77, eff. 7/1/2022.C31, 35, §5079-c4; C39, §5021.02; C46, § 321.276; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §321A.15