HSB 588: HSB 588

What it does

This bill relates to fire insurance policies and to appraisals of insured losses. The bill provides that if the insured and the insurer fail to agree on the actual cash value or the amount of a loss, either party may make a written request for an appraisal. _____ insured and the insurer agree in writing to an appraisal, each shall have up to days from the date the last party agrees to an appraisal to select a competent and disinterested appraiser and to notify the other party of the appraiser selected.

House subcommittee · named January 20, 2022

• Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
• Rep. Mark Cisneros (R) · mark.cisneros@legis.iowa.gov
• Rep. Steven Hansen (D)

Lobbying · 9 for, 6 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.; State Farm Insurance

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

In plain words

1. January 20, 2022Filed in the House and sent to the Commerce committee
2. January 20, 2022House subcommittee named: Lohse, Cisneros and Hansen
3. February 3, 2022Approved by the House committee
4. February 3, 2022Approved by the House committee, and given a new number: HF 2299