Bills › 91st General Assembly
Relating to withdrawal requirements for insurance companies, insurance company affiliates, and other entities engaged in the business of insurance
Topics:Business & economyInsurance
Where it is now
- Done: IntroducedJanuary 13, 2026
- Done: SubcommitteeJanuary 13, 2026
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to withdrawal requirements for insurance companies, insurance company affiliates, and other entities engaged in the business of insurance. The bill requires an insurer, prior to withdrawing, to file a withdrawal plan (plan) with the commissioner of insurance (commissioner) if the insurer intends to reduce the insurer’s total annual premium volume in the state by percent or more, intends to reduce the insurer’s total annual premium in the state in a line of insurance by percent or more, or intends to reduce the insurer’s total annual premium volume in the state in a line of private passenger automobile insurance, homeowners insurance, or dwelling property insurance by percent or more.
Read the full explanation
_____ exchange, a lloyd’s plan, or a state or county mutual insurance association. “Insurer” is defined in the bill. If the plan meets all of the requirements as described in the bill, the commissioner shall approve the plan. If the commissioner finds that a plan does not meet all requirements, the commissioner may modify, restrict, limit, or deny the withdrawal plan. An insurer may request a hearing on the commissioner’s decision as described in the bill. An insurer that withdraws from writing all lines of insurance in the state shall not, without prior approval of the commissioner, resume writing insurance in the state for a minimum of five years. A violation of the withdrawal requirements constitutes an unfair method of competition and unfair or deceptive act or practice. The commissioner may adopt rules to administer and enforce the bill.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named January 13, 2026. On January 22, 2026 it recommended 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
Creates§505.36
Amends§507B.4
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 2 against · 13 undecided · Who →