Amendment S-5140 to HF 2490

Filed April 10, 2024 in the Senate by Sen. David D. Rowley (R)

What it changes

1. Page 1, before line 1 by inserting: “Section
2. Section 515D.7, subsection 1, Code 2024, is amended to read as follows:
3. Notwithstanding the provisions of sections 515.125 , and 515.128 , 515.129B , and 515.129C , an insurer shall not fail to renew a policy except by notice to the insured as provided in this chapter . A notice of intention not to renew shall not be effective unless mailed or delivered by the insurer to the named insured at least thirty calendar days prior to the expiration date of the policy. A post office department certificate of mailing to the named insured at the address shown in the policy shall be proof of receipt of such mailing. Unless the reason accompanies the notice of intent not to renew, the notice shall state that, upon written request of the named insured, mailed or delivered to the insurer not less than thirty calendar days prior to the expiration date of the policy, the insurer will state the reason for nonrenewal. Sec. ___. Section 515D.7, Code 2024, is amended by adding the following new subsection: NEW SUBSECTION . 1A. Notwithstanding the provisions of sections 515.129B and 515.129C, an insurer shall not fail to renew a policy except by notice to the insured as provided in this chapter. A notice of intention not to renew shall not be effective unless mailed or delivered by the insurer to the named insured at least sixty calendar days prior to the expiration date of the policy. A post office department certificate of mailing to the named insured at the address shown in the policy shall be proof of receipt of such mailing. Unless the reason accompanies the notice of intent not to renew, the notice shall state that, upon written request of the named insured, mailed or delivered to the insurer not less than sixty calendar days prior to the expiration date of the policy, the insurer will state the reason for nonrenewal.”
4. Page 1, after line 5 by inserting: “Sec. ___. Section 518.23, subsection 3, Code 2024, is amended to read as follows:
5. Nonrenewal by association. A notice of intention not to renew is not effective unless mailed or delivered by the insurer to the named insured at least thirty sixty days prior to the expiration date of the policy. If the reason does not accompany the notice of nonrenewal, the association, upon receipt of a timely request by the named insured, shall provide the reason for the nonrenewal in writing. Sec. ___. Section 518A.29, subsection 3, Code 2024, is amended to read as follows:
6. Nonrenewal by association. A notice of intention not to renew is not effective unless mailed or delivered by the insurer to the named insured at least thirty sixty days prior to the expiration date of the policy. If the reason does not accompany the notice of nonrenewal, the association, upon receipt of a timely request by the named insured, shall provide in writing the reason for the nonrenewal.”
7. Page 1, after line 29 by inserting: “Sec. ___. EFFECTIVE DATE. The following take effect January 1, 2025:
8. The sections of this Act amending section 515D.7.
9. The section of this Act amending section 518.23.
10. The section of this Act amending section 518A.29.”
11. Title page, line 2, by striking “associations” and inserting “associations, nonrenewal notices for automobile insurance, and nonrenewal notices by county and state mutual insurance associations, and including effective date provisions”
12. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book