91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HSB 756: Relating to captive insurance companies and life captive reinsurance companies, and including civil penalties

Became HF 2766 · Its progress continues under the new number.

What it does

This bill relates to captive insurance companies (captive companies) and life captive reinsurance companies (LCRCs). _____ willfully or recklessly publish such tax return. A person who violates the bill shall be guilty of a serious misdemeanor and, in addition to any other penalty, shall be dismissed from state office or discharged from state employment. The bill does not prohibit the department of revenue (DOR) from turning over information and tax returns in the DOR’s possession to duly authorized officers of the United States, or tax officials of other states, pursuant to an agreement between the commissioner of insurance (commissioner) and either the secretary of the treasury of the United States or the secretary’s delegate, or the commissioner of another state.

Cost

See the fiscal note

The fiscal impact for House File 2766 cannot be determined because the number of companies that will domicile or redomesticate to Iowa is unknown. The number of convictions under the Bill for willfully or recklessly publishing a tax return by a State officer o…

House subcommittee · named February 25, 2026

Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov
Rep. David E. Young (R) · david.young@legis.iowa.gov

Lobbying · 2 for, 0 against

For: American Property Casualty Insurance Association (APCIA); Iowa Insurance Division

In plain words

February 25, 2026Filed in the House and sent to the Ways and Means committee
February 25, 2026House subcommittee named: Lundgren, Wilson and Young
March 3, 2026Subcommittee recommended passing it
April 8, 2026Approved by the House committee
April 8, 2026Committee vote: 25–0
April 13, 2026Approved by the House committee, and given a new number: HF 2766