Amendment H-1233 to HF 986

Filed April 16, 2025 in the House by

What it changes

1. Page 2, after line 3 by inserting: “Sec. ___. Section 505.8, subsection 17, Code 2025, is amended to read as follows:
2. a. The commissioner shall utilize the senior health insurance information program to assist in the dissemination of objective and noncommercial educational material and to raise awareness of prudent consumer choices in considering the purchase of various insurance products designed for the health care needs of older Iowans. b. A senior health insurance information program fund is created in the state treasury under the control of the commissioner and moneys in the fund are appropriated to the division for the purposes specified in paragraph “a” . c. Notwithstanding any law to the contrary, moneys shall be deposited into the senior health insurance information fund as follows: (1) Any appropriation made by the general assembly from the general fund for the purpose of paragraph “a” . (2) Any moneys available to and obtained or accepted by the division from the federal government for deposit in the senior health insurance information fund. (3) Any other moneys or grants secured by the division that align with the purpose of paragraph “a” . d. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the senior health information program fund shall be credited to the senior health information program fund. Notwithstanding section 8.33, moneys in the senior health information program fund that remain unencumbered or unobligated at the close of a fiscal year shall not revert but shall remain available for expenditure for the purposes designated.”
3. By striking page 8, line 29, through page 9, line 11, and inserting: “
4. Withdrawal plan required. An insurer shall file a withdrawal plan with the commissioner in any of the following circumstances: a. The insurer intends to reduce the insurer’s total annual premium volume in the state by fifty percent or more. b. For an insurer whose premiums for the immediately preceding year are greater than one tenth of one percent of the total direct premiums written in this state by all insurers for that line of business in the four most recent quarters of published data on the division’s internet site, the insurer intends to reduce the insurer’s total annual premium in the state in a line of insurance by seventy-five percent or more. c. For any line of business with annual premiums greater than twenty thousand dollars, the insurer intends to reduce the insurer’s total annual premium volume in the state in a line of private passenger automobile insurance, homeowners insurance, or dwelling property insurance by fifty percent or more.”
5. Page 11, line 25, after “the” by inserting “repair or”
6. Page 11, line 26, after “any.” by inserting “The calculation of actual cash value subject to depreciation may include but is not limited to all components of the cost of repair or replacement, such as materials, labor, tax on materials and labor, and overhead profit. A deduction for depreciation may include but is not limited to a deduction for age, condition, reduction in useful life, and any pre-loss damage including wear or tear of the damaged property.”
7. Page 12, by striking line 34 and inserting “discoloration due to age, weathering, fading, or normal wear and tear. If the”
8. Page 14, lines 19 and 20, by striking “or chapter 321I”
9. Page 32, line 24, by striking “chapter,” and inserting “chapter or the commissioner’s licensing authority,”
10. Page 34, after line 2 by inserting: “DIVISION ___ IOWA INDIVIDUAL HEALTH BENEFIT REINSURANCE ASSOCIATION —— MEMBERSHIP Sec. ___. Section 513C.10, subsection 1, paragraph a, Code 2025, is amended to read as follows: a. All persons that provide health benefit plans in this state including insurers providing accident and sickness insurance under chapter 509 , 514 , or 514A , whether on an individual or group basis; fraternal benefit societies providing hospital, medical, or nursing benefits under chapter 512B ; and health maintenance organizations, other entities providing health insurance or health benefits subject to state insurance regulation, and all other insurers as designated by the board of directors of the Iowa comprehensive health insurance association with the approval of the commissioner shall be members of the association. Notwithstanding any other provision of this chapter to the contrary, the state of Iowa, the state board of regents, and any institution governed by the state board of regents pursuant to section 262.7, shall not be members of the association. DIVISION ___ IOWA CEMETERY ACT —— EXAMINATIONS, CARE FUNDS, AND ANNUAL REPORTS Sec. ___. Section 523I.213A, subsection 1, Code 2025, is amended to read as follows:
11. The commissioner or the commissioner’s designee may conduct an examination under this chapter of any cemetery as often as the commissioner deems appropriate. If a cemetery has a trust arrangement, the The commissioner shall conduct an examination of every cemetery with a trust arrangement not less than once every five years , unless the cemetery is owned or operated by a governmental subdivision . Sec. ___. Section 523I.810, Code 2025, is amended by adding the following new subsection: NEW SUBSECTION .
12. Notwithstanding subsection 9, a cemetery owned or operated by a governmental subdivision shall not be required to establish a reasonable repayment schedule, provided that the distribution of the care funds are used in compliance with section 523I.811. Sec. ___. Section 523I.813, subsection 1, Code 2025, is amended to read as follows:
13. A perpetual care cemetery shall file an annual report at the end of each reporting period of the cemetery. A cemetery owned or operated by a governmental subdivision shall not be required to file an annual report.”
14. Title page, by striking line 6 and inserting “contracts, cross-subsidization of public utilities, the Iowa individual health benefit reinsurance association, and the Iowa cemetery Act, and”
15. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book