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

Where it is now

1. ✓
   Done: IntroducedJanuary 22, 2026
2. ✓
   Done: SubcommitteeJanuary 22, 2026
3. ✓
   Done: Senate committeeFebruary 4, 2026
4. ✓
   Done: Passes the SenateMarch 3, 202644–0
5. –
   Skipped: House committeeSkipped
6. ✓
   Done: Passes the HouseMarch 12, 202691–0
7. ✓
   Done: To the GovernorApril 9, 2026
8. ✓
   Done: Signed into lawApril 9, 2026

Signed into law What’s a funnel?

What’s in it

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.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed

Senate subcommittee

Named January 22, 2026 (as SSB 3064). On January 29, 2026 it recommended passage.

• Sen. Mike Bousselot REmail
• Sen. David D. Rowley REmail
• Sen. Janice Weiner DEmail

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

Amends§508.38

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.