Ankeny, IA asked in Civil Litigation, Insurance Defense, Collections and Personal Injury for Iowa

Q: Does Iowa have a code for time it takes the defendant’s insurer to issue the settlement check.

1 Lawyer Answer
Stephen Douglas Lombardi
Stephen Douglas Lombardi
Answered
  • West Des Moines, IA
  • Licensed in Iowa

A: There is no set time, although it is normally done within a week. Of course the time depends on the terms of the settlement, the signing of paperwork, modification of the terms stated in the paperwork and the type of settlement. Is it for property damage, car rental, medical expenses, an annuity or a one-time payment? Lots of unanswered questions to be answered.

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