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

SF 2499: Relating to captive insurance companies and life captive reinsurance companies, and including civil penalties

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill relates to captive insurance companies (captive companies) and life captive reinsurance companies (LCRCs). Under the bill, a tax return on gross premiums filed by an insurance company or a captive company shall not be subject to inspection under Code chapter 22, and it shall be unlawful for any present or former officer or employee of the state to 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.

Sponsors

Ways and Means (successor To Ssb 3179) (companion To Hf 2766) committee

Cost

Cost: up to $6,200

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…

Lobbying · 2 for, 0 against

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

In plain words

  1. April 15, 2026Filed in the Senate
  2. April 15, 2026Approved by the Senate committee
  3. April 16, 2026Cost estimate (fiscal note) posted
  4. April 21, 2026Withdrawn

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/SF2499