531—11.8 (99G) Prizes payable for the life of the winner. If any prize is payable for the life of the winner, only an individual may claim and receive the prize for life. If a group, corporation, or other organization is the winner, the life of the winner shall be deemed to be 20 years.
This rule is intended to implement Iowa Code Supplement sections 99G.9(3), 99G.21(2), and 99G.31.