Iowa Proprietary Technology - Horizontal Well - Restriction on Disclosure

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Multi-State
Control #:
US-OG-714
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Description

This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator

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FAQ

Line of sight law requires that in the event of a covered insurance loss, the repairs must be done with the same materials that are on the home now. If the material has been discontinued or is no longer available in that color/style then a full replacement is deemed necessary. Iowa Law 5.44(1) Replacement cost.

While Iowa has clearly recognized the importance of matching replacement materials with undamaged materials, whether matching of undamaged property is covered often boils down to a subjective exercise of determining what constitutes a ?reasonably uniform appearance.? This requires a policyholder to present evidence, ...

Iowa Administrative Code rule 701 ? 307.1(2). If you qualify for the pension and retirement income exclusion, but would like tax withheld from your pension or retirement income distributions, submit a W-4P (pdf) to your plan administrator.

An Ohio regulation states that when ?an interior or exterior loss requires replacement of an item and the replaced item does not match the quality, color, or size of the item suffering the loss, the insurer shall replace as much of the item as to result in a reasonably comparable appearance.? O.A.C. § 3901-1-54(I).

191?15.1(507B) Purpose. This chapter is intended to establish certain minimum standards and guidelines of conduct by identifying unfair methods of competition and unfair or deceptive acts or practices in the business of insurance, as prohibited by Iowa Code chapter 507B.

191?15.44(507B) Standards for determining replacement cost and actual cost values. damage incurred in making such repair or replacement not otherwise excluded by the policy shall be included in the loss. The insured shall not have to pay for betterment or any other cost except for the applicable deductible. b.

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Iowa Proprietary Technology - Horizontal Well - Restriction on Disclosure