Iowa policy questioned.

The August 1907 property and casualty edition of Best's Review analyzed the new Iowa Standard Fire Insurance Policy that had gone into effect. In response to the policy, insurance companies complained, some endorsed by the assured. Prior to the new policy taking effect, many believed it would overcome the doubtful and objectionable features of the New York Standard Policy, but following its release, its success was questionable.

The Iowa Standard Policy contained numerous changes from the New York Standard Policy, such as a shorter first paragraph with several omissions of advantage to the assured being noticeable, according to Best's Review. Changes ranged from minor to radical, leaving many opportunities for legal attack,

"The New York standard policy has been severely criticized as unfair to the assured in many respects," Best's Review commented. "But it remains to be seen whether the Iowa Legislature's cure is worse than the disease."