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

SF 2297: Relating to the investment of funds by life insurance companies and associations

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

This bill relates to the investment of funds by life insurance companies and associations. “Credit instrument” is defined in the bill as an investment that is qualified as a bond under the accounting practices and procedures manual, and includes asset-backed securities, bank loans, and SVO-listed funds that have an SVO designation, and that qualify as a bond under the manual.8(1) and (9) to conform with that definition. The bill prohibits an insurer that files an annual statement and completes the NAIC health statement test from acquiring an investment if, as a result of the investment, the aggregate amount of investments held by the insurer will exceed percent of the insurer’s assets.

Sponsors

Commerce (companion To Hf 2405 By Committee on Commerce) committee

Cost

No fiscal note

Lobbying · 3 for, 0 against

For: Federation of Iowa Insurers; National Association of Benefits and Insurance Professionals-Iowa Chapter; Wellmark, Inc.

In plain words

  1. February 12, 2024Filed in the Senate
  2. February 12, 2024Approved by the Senate committee
  3. March 18, 2024Withdrawn

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/SF2297