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Bills › 90th General Assembly

SF 2293Withdrawn · HF 2100 became law instead · March 18, 2024

Relating to reinsurance requirements for county and state mutual insurance associations

Sponsored by the Senate Commerce (companion To Hf 2100 By Committee on Commerce) Committee

Topics:Insurance

Same legislation: HSB 537, SSB 3083, HF 2100

Write your legislators about it

Also covers HSB 537 and SSB 3083 and HF 2100.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedJanuary 17, 2024
  2. Done: SubcommitteeJanuary 17, 2024
  3. Done: Senate committeeFebruary 8, 2024
  4. Done: Passes the SenateMarch 18, 202450–0
  5. Skipped: House committeeSkipped
  6. Done: Passes the HouseFebruary 19, 202491–0
  7. Done: To the GovernorApril 10, 2024
  8. Done: Signed into lawApril 10, 2024

HF 2100 became law → The same legislation passed as HF 2100, so this version was set aside. Go to HF 2100 What’s a funnel?

What’s in it

AI summary County and state mutual insurance associations currently have to use companies licensed in Iowa to reinsure their coverage. This change would allow these associations to use companies that follow specific federal rules instead.1

Read the official explanation

This bill relates to reinsurance requirements for county and state mutual insurers. Under current law, a county mutual insurance association (county association) may reinsure its coverages written under Code chapter 518 with any association or company (company) licensed in the state and authorized to write insurance enumerated in Code section 518.11. A state mutual insurance association (state association) may insure its coverages written under Code chapter 518A with any company licensed in the state and authorized to write insurance enumerated in Code section 518A.1. Under the bill, a county association and a state association may reinsure coverages with a company that is in compliance with Code chapter 521B, rather than one licensed in the state.

Full bill text · What changed before it passed2

Senate subcommittee

Named January 17, 2024 (as SSB 3083). On February 6, 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§518.17§518A.44

How the Code works3

Lobbying

5 for · 0 against · 8 undecided · Who →

Family tree

Study bill

HSB 537RenumberedSSB 3083Renumbered

90th General Assembly

HF 2100Became lawfrom HSB 537SF 2293Didn’t advancefrom SSB 3083