SF 2121: Relating to bonds and insurance policies for public officers

What it does

The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill relates to bonds and insurance policies for public officers. The bill allows a public officer that is required to obtain a bond pursuant to Code chapter (official and private bonds) to instead obtain an insurance policy in an amount not less than the amount required of a bond for that officer. The bill requires that the terms of the insurance policy substantially comply with the terms required of an official bond.

Senate subcommittee · named January 30, 2024

• Sen. Scott Webster (R) · scott.webster@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. Waylon Brown (R)

Lobbying · 9 for, 1 against

For: Independent Insurance Agents of Iowa; Iowa Association of School Boards; Iowa Communities Assurance Pool (ICAP); Iowa County Attorneys Association; Iowa League of Cities; Iowa State Association of Counties; Rural School Advocates of Iowa; School Administrators of Iowa; Urban Education Network of Iowa

Against: Iowa Alliance of Surety Companies

In plain words

1. January 25, 2024Filed in the Senate and sent to the State Government committee
2. January 30, 2024Senate subcommittee named: Webster, Bisignano and Brown
3. February 8, 2024Subcommittee recommended passing it with changes
4. February 15, 2024Approved by the Senate committee
5. April 9, 2024Withdrawn