HF 2299: Relating to fire insurance policies and to appraisals of insured losses, and including applicability provisions

What it does

This bill relates to fire insurance policies and to appraisals of insured losses. The bill adds language to the appraisal section of the standard fire policy in Code section 515.109(6)(a) that specifies that the appraisal process shall not be used to determine a dispute regarding the cause of a loss or to determine whether a loss is covered under the terms of the policy. The bill applies January 1, 2023, to fire insurance policies issued for delivery, continued, or renewed in this state, and to insured losses incurred under such policies, on or after that date.

Senate subcommittee · named March 1, 2022

• Sen. Zach Nunn (R)
• Sen. Craig Johnson (R) · craig.johnson@legis.iowa.gov
• Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 8 for, 4 against

For: Allied Insurance; American Property Casualty Insurance Association (APCIA); Grinnell Mutual Reinsurance Company; Iowa Insurance Associates; Iowa Insurance Institute; Mutual Insurance Association of Iowa; Nationwide Agribusiness; Nationwide Mutual Ins. Co.

Against: American Adjuster Association; American Association of Public Insurance Adjusters; Iowa Attorney General Dept. of Justice; National Association of Public Insurance Adjusters

In plain words

1. February 8, 2022Filed in the House
2. February 23, 2022Passed the House, 97–0
3. February 24, 2022Arrived in the Senate
4. March 1, 2022Senate subcommittee named: Nunn, Johnson and Quirmbach