HSB 96: HSB 96

What it does

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

• Rep. David E. Young (R) · david.young@legis.iowa.gov
• Rep. Martin L. Graber (R)
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Federation of Iowa Insurers; Iowa Insurance Associates; Iowa Insurance Division; Principal Financial Group

In plain words

1. January 25, 2023Filed in the House and sent to the Commerce committee
2. January 25, 2023House subcommittee named: Young, Graber and Judge
3. January 31, 2023Subcommittee recommended passing it with changes
4. February 7, 2023Approved by the House committee
5. February 13, 2023Approved by the House committee, and given a new number: HF 271