Bills › 90th General Assembly
Relating to investments of funds by life insurers, and including applicability provisions
Sponsored by the House Commerce Committee
Topics:Business & economyInsurance
Where it is now
- Done: IntroducedJanuary 25, 2023
- Done: SubcommitteeJanuary 25, 2023
- Done: House committeeFebruary 7, 2023
- Done: Passes the HouseFebruary 22, 202395–0
- Done: Senate committeeFebruary 27, 2023
- Done: Passes the SenateApril 19, 202350–0
- Done: To the GovernorApril 28, 2023
- Done: Signed into lawApril 28, 2023
Signed into law What’s a funnel?
What’s in it
AI summary Life insurance companies in Iowa would be allowed to invest their money in different ways under these new rules. The commissioner of insurance will oversee these changes and can take action if companies do not follow the law.1
Read the official explanation
This bill relates to investments of funds by life insurers. The bill strikes and replaces Code section 511.8, and makes changes to the investments that life insurance companies organized under Code chapter 508 are allowed to acquire. The commissioner of insurance may adopt rules to administer the bill and may take any enforcement action under the commissioner’s authority to enforce compliance with the bill. The bill makes conforming changes to Code sections 508.13(1), 508.14(1), 508.14(3), 508.29, 508C.8(9)(c), 511.8A, 512B.21, 514B.15, 521A.2(1)(c), and 521A.2(3)(d).
House subcommittee
Named January 25, 2023 (as HSB 96). On January 31, 2023 it recommended amendment and passage. Vote Total: 3-0.
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§508.13§508.14§508.29§508C.8§511.8§511.8A§512B.21§514B.15§521A.2
Lobbying
4 for · 0 against · 6 undecided · Who →
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90th General Assembly