Relating to the applicability of the standard nonforfeiture law for individual deferred annuities to contingent deferred annuities

Where it is now

1. ✓
   Done: IntroducedJanuary 13, 2026
2. ✓
   Done: SubcommitteeJanuary 13, 2026
3. ✓
   Done: House committeeJanuary 21, 2026
4. ✓
   Done: Passes the HouseMarch 12, 202691–0
5. –
   Skipped: Senate committeeSkipped
6. ✓
   Done: Passes the SenateMarch 3, 202644–0
7. ✓
   Done: To the GovernorApril 9, 2026
8. ✓
   Done: Signed into lawApril 9, 2026

SF 2215 became law → The same legislation passed as SF 2215, so this version was set aside. Go to SF 2215 What’s a funnel?

What’s in it

This bill provides that subsections through of Code section 508.38 (standard nonforfeitures —— deferred annuities) shall not apply to contingent deferred annuities, except that the commissioner of insurance may prescribe by rule nonforfeiture benefits for contingent deferred annuities that the commissioner deems equitable to policyholders, appropriate for the risks insured, and consistent with the general intent of Code section 508.38.

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 January 13, 2026 (as HSB 525). On January 15, 2026 it recommended passage.

• Rep. Gary M. Mohr REmail
• Rep. Austin Baeth DEmail
• Rep. Jacob Bossman REmail

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§508.38

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

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.