Bills › 89th General Assembly
Relating to fire insurance policies and to appraisals of insured losses, and including applicability provisions
Sponsored by the House Commerce Committee
Topics:Business & economy
Same legislation: HSB 588
Where it is now
- Done: IntroducedJanuary 20, 2022
- Done: SubcommitteeJanuary 20, 2022
- Done: House committeeFebruary 3, 2022
- Done: Passes the HouseFebruary 23, 202297–0
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Under this new rule, the appraisal process for fire insurance cannot be used to decide why damage happened or if the insurance policy covers the loss. This change affects people in Iowa who have fire insurance policies. It ensures that disputes about coverage or the cause of a fire are handled differently than disputes about the cost of repairs.1
Read the official explanation
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.
Changed since by amendments H-8077, H-8071; see Amendments.
Senate subcommittee
Named March 1, 2022. Meeting: Monday, March 7 · 2:00 PM · Room 217 Conference Room.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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89th General Assembly