HSB 520: Relating to withdrawal requirements for insurance companies, insurance company affiliates, and other entities engaged in the business of insurance

What it does

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.

House subcommittee · named January 13, 2026

• Rep. Mike Vondran (R) · mike.vondran@legis.iowa.gov
• Rep. John H. Wills (R) · john.wills@legis.iowa.gov
• Rep. Adam Zabner (D) · adam.zabner@legis.iowa.gov

Lobbying · 1 for, 2 against

For: Independent Insurance Agents of Iowa

Against: Iowa Insurance Institute; National Association of Mutual Insurance Companies (NAMIC)

In plain words

1. January 13, 2026Filed in the House and sent to the Commerce committee
2. January 13, 2026House subcommittee named: Vondran, Wills, J. and Zabner
3. January 22, 2026Subcommittee recommended passing it