Relating to the names of reorganized mutual insurance companies

Where it is now

1. ✓
   Done: IntroducedFebruary 15, 2024
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: Senate committeeFebruary 15, 2024
4. ✓
   Done: Passes the SenateFebruary 21, 202446–0
5. ✓
   Done: House committeeMarch 14, 2024
6. ✓
   Done: Passes the HouseMarch 26, 202495–0
7. ✓
   Done: To the GovernorApril 10, 2024
8. ✓
   Done: Signed into lawApril 10, 2024

Signed into law What’s a funnel?

What’s in it

This bill relates to the naming requirements for reorganized insurance companies. A domestic mutual insurance company that reorganizes by forming an insurance holding company may continue to use the word “mutual” in its name provided that its name also includes the words “stock insurer”, or the abbreviation “SI”. A domestic mutual insurance company that reorganizes by merging its policyholders’ membership interests into a mutual insurance holding company may continue to use the word “mutual” in its name provided that its name also includes the words “stock insurer”, or the abbreviation “SI”.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

House subcommittee

Named February 22, 2024. On February 29, 2024 it recommended passage. Vote Total: 3-0.

• Rep. Mike Vondran REmail
• Rep. Brian Best R
• Rep. Kenan Judge DEmail

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§521A.14

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works