HSB 525: Relating to the applicability of the standard nonforfeiture law for individual deferred annuities to contingent deferred annuities

What it does

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.

House subcommittee · named January 13, 2026

• Rep. Gary M. Mohr (R) · gary.mohr@legis.iowa.gov
• Rep. Austin Baeth (D) · austin.baeth@legis.iowa.gov
• Rep. Jacob Bossman (R) · jacob.bossman@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Federation of Iowa Insurers; 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: Mohr, G., Baeth and Bossman
3. January 15, 2026Subcommittee recommended passing it
4. January 21, 2026Approved by the House committee
5. January 21, 2026Committee vote: 22–0
6. January 28, 2026Approved by the House committee, and given a new number: HF 2184