Bills › 90th General Assembly
Relating to investments of funds by life insurers, and including applicability provisions
Sponsored by the Senate Commerce (companion To Hf 271 By Committee on Commerce) Committee
Topics:Business & economyInsurance
Where it is now
- Done: IntroducedJanuary 25, 2023
- Done: SubcommitteeJanuary 30, 2023
- Done: Senate committeeFebruary 27, 2023
- Done: Passes the SenateApril 19, 202350–0
- Skipped: House committeeSkipped
- Done: Passes the HouseFebruary 22, 202395–0
- Done: To the GovernorApril 28, 2023
- Done: Signed into lawApril 28, 2023
HF 271 became law → The same legislation passed as HF 271, so this version was set aside. Go to HF 271 What’s a funnel?
What’s in it
AI summary Life insurance companies in Iowa would be allowed to invest their money in different ways under these new rules. The commissioner of insurance will oversee these changes and can take action if companies do not follow the law.1
Read the official explanation
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).
Senate subcommittee
Named January 30, 2023 (as SSB 1084). On February 1, 2023 it recommended amendment and 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§508.13§508.14§508.29§508C.8§511.8§511.8A§512B.21§514B.15§521A.2
Lobbying
4 for · 0 against · 6 undecided · Who →
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90th General Assembly