Sign in

Back to the bill

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

SSB 3064: Relating to the applicability of the standard nonforfeiture law for individual deferred annuities to contingent deferred annuities

Became SF 2215 · Its progress continues under the new number.

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.

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named January 22, 2026

  • Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Janice Weiner (D) · janice.weiner@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Federation of Iowa Insurers; Sammons Financial Group

In plain words

  1. January 22, 2026Filed in the Senate and sent to the Commerce committee
  2. January 22, 2026Senate subcommittee named: Bousselot, Rowley and Weiner
  3. January 29, 2026Subcommittee recommended passing it
  4. February 4, 2026Approved by the Senate committee, and given a new number: SF 2215

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/SSB3064