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

SSB 3179: Relating to captive insurance companies and life captive reinsurance companies, and including civil penalties

Became SF 2446 · 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…

Senate subcommittee · named February 17, 2026

Sen. Annette Sweeney (R) · annette.sweeney@legis.iowa.gov
Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
Sen. Kerry Gruenhagen (R) · kerry.gruenhagen@legis.iowa.gov

Lobbying · 2 for, 0 against

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

In plain words

February 17, 2026Filed in the Senate and sent to the Commerce committee
February 17, 2026Senate subcommittee named: Sweeney, Bisignano and Gruenhagen
February 19, 2026Subcommittee recommended passing it
February 19, 2026Approved by the Senate committee, and given a new number: SF 2446