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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2490: 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

Signed into law

What it does

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.

Sponsors

Commerce committee

Cost

No fiscal note

Senate subcommittee · named February 27, 2024

  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov
  • Sen. Sarah Trone Garriott (D) · sarah.trone.garriott@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa Insurance Associates; National Association of Mutual Insurance Companies (NAMIC)

In plain words

  1. February 5, 2024Filed in the House and sent to the Commerce committee · as HSB 652
  2. February 5, 2024House subcommittee named: Sorensen, Graber and Judge · as HSB 652
  3. February 7, 2024Subcommittee recommended passing it with changes · as HSB 652
  4. February 8, 2024Approved by the House committee · as HSB 652
  5. February 13, 2024Filed in the House
  6. February 13, 2024Approved by the House committee, and given a new number: HF 2490 · as HSB 652
  7. February 20, 2024Passed the House, 95–0
  8. February 20, 2024Arrived in the Senate
  9. February 27, 2024Senate subcommittee named: Rowley, Schultz and Trone Garriott
  10. March 5, 2024Subcommittee recommended passing it
  11. March 6, 2024Approved by the Senate committee
  12. April 10, 2024Passed the Senate, 44–0
  13. April 17, 2024Passed the House, 95–0
  14. April 23, 2024Sent to the Governor
  15. May 1, 2024Signed into law

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF2490