Iowa enacts Viatical Settlement Act Share Share LinkedIn X Facebook Permalink By Gerry W. Beyer June 30, 2008 On May 10, 2008, the Iowa governor signed into law the “Viatical Settlements Act” to regulate these settlements and to provides penalties and fees. See 2008 Ia. Legis. Serv. S.F. 2392. Posted in: New Legislation and Non-Probate Assets