Iowa Code

Iowa Code § 64.3 (2026)

Insurance policy in lieu of bond

✓ current as of July 2026

Find cases: SyfertCases citing this section IA-LEGlegis.iowa.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

1. In lieu of a bond, a public officer required to obtain a bond pursuant to this chapter may obtain an insurance policy in an amount not less than the amounts provided in section 64.8, 64.10, 64.13, or 64.15, as applicable.

2. An insurance policy obtained pursuant to this section must substantially comply with the conditions of section 64.2.

3. The reasonable expenses of an insurance policy obtained pursuant to this section in lieu of a bond, for which the reasonable expenses of such bond would be paid for by the county or township pursuant to section 64.11, 64.12, or 64.15, shall be paid by the county or township, as applicable.

4. The state of Iowa shall be the beneficiary of an insurance policy obtained pursuant to this section and the policy shall be for the use and benefit of any corporation, public or private, or person injured or sustaining loss, with a right of action in the name of the state for its or the corporation’s or person’s use.

5. An insurance policy obtained pursuant to this section shall be approved, filed, and recorded as provided in sections 64.19 through 64.24. 2024 Acts, ch 1074, §2 \n

Notes of Decisions

Cited in 1 case (1 in the last 5 years), 2024–2024 · leading case: Close v. City of Bellevue Iowa (N.D. Iowa 2024).

Sort: Relevance Newest Treatment

Close v. City of Bellevue Iowa (N.D. Iowa 2024). · cites it 2× “) (citing Iowa Code § 64.3 (4)). The Court will first focus on defendants’ third argument, which is that these bonds are not subject to forfeiture.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.