HSB 516: Relating to life insurance, permissible third parties, and financial exploitation of eligible adults

What it does

This bill relates to life insurance, permissible third parties, and financial exploitation of eligible adults. _____ exploitation of the eligible adult, or (2) days after the first delay, unless extended, in which case the delay shall expire no more than days after the date the disbursement or transaction was first delayed. Under the bill, any delay of a disbursement or transaction will expire upon the first to occur of: (1) a determination by the broker-dealer or investment adviser that the disbursement or transaction will not result in or contribute to financial exploitation, or (2) days after the date the broker-dealer or investment adviser first delayed the disbursement or transaction, unless extended, (3) if the 15-day delay is extended, days after the date of the initial delay, or (4) if the 25-day delay is extended, days after the date of the initial delay.

House subcommittee · named January 13, 2026

• Rep. David E. Young (R) · david.young@legis.iowa.gov
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov
• Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov

Lobbying · 6 for, 0 against

For: AARP Iowa; Federation of Iowa Insurers; Iowa Insurance Division; National Insurance Crime Bureau; Principal Financial Group; Sammons Financial Group

In plain words

1. January 13, 2026Filed in the House and sent to the Commerce committee
2. January 13, 2026House subcommittee named: Young, Judge and Lundgren
3. January 20, 2026Subcommittee recommended passing it
4. January 28, 2026Approved by the House committee
5. January 28, 2026Committee vote: 22–0
6. January 30, 2026Approved by the House committee, and given a new number: HF 2232