Bills › 90th General Assembly

HF 2490Signed by Governor · May 1, 2024

Relating to the reorganization of county and state mutual insurance associations, nonrenewal notices for automobile insurance, and nonrenewal notices by county and state mutual insurance associations, and including effective date provisions

Sponsored by the House Commerce Committee

Topics:Business & economyInsurance

Where it is now

  1. Done: IntroducedFebruary 13, 2024
  2. Skipped: SubcommitteeSkipped
  3. Done: House committeeFebruary 20, 2024
  4. Done: Passes the HouseFebruary 20, 202495–0
  5. Done: Senate committeeMarch 6, 2024
  6. Done: Passes the SenateApril 10, 202444–0
  7. Done: To the GovernorApril 23, 2024
  8. Done: Signed into lawMay 1, 2024

Signed into law What’s a funnel?

What’s in it

This bill relates to the reorganization of county and state mutual insurance associations. The bill expands the current definition of a mutual insurer to include a domestic mutual property and casualty insurance company organized and licensed under Code chapter 518 or Code chapter 518A. Under the bill, a domestic mutual insurance company, defined as a company qualified and licensed in the state pursuant to Code chapters 518 and 518A, may reorganize, upon approval of the commissioner, by forming an insurance holding company pursuant to the requirements of Code section 521A.14.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

Senate subcommittee

Named February 27, 2024. On March 5, 2024 it recommended passage. [].

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

Iowa Code it changes

Amends§515G.1§521A.14

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Lobbying

2 for · 0 against · 7 undecided · Who →