Bill Text: IA HF2265 | 2023-2024 | 90th General Assembly | Enrolled
Bill Title: A bill for an act relating to the notice requirement for the renewal or nonrenewal of personal lines policies, and including effective date provisions. (Formerly HSB 514.) Effective date: 01/01/2025.
Spectrum: Committee Bill
Status: (Passed) 2024-04-10 - Signed by Governor. H.J. 773. [HF2265 Detail]
Download: Iowa-2023-HF2265-Enrolled.html
House
File
2265
-
Enrolled
House
File
2265
AN
ACT
RELATING
TO
THE
NOTICE
REQUIREMENT
FOR
THE
RENEWAL
OR
NONRENEWAL
OF
PERSONAL
LINES
POLICIES,
AND
INCLUDING
EFFECTIVE
DATE
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
515.129B,
subsection
1,
Code
2024,
is
amended
to
read
as
follows:
1.
An
insurer
shall
not
refuse
to
renew
a
personal
lines
policy
or
contract
of
insurance
unless
at
least
thirty
sixty
days
before
the
end
of
the
policy
or
contract
period
the
insurer
delivers,
mails,
or
electronically
transmits
to
the
first
named
insured,
at
the
last
known
address
of
the
first
named
insured,
written
notice
of
the
insurer’s
intention
not
to
renew
the
policy
or
contract
upon
expiration
of
the
current
policy
or
contract
period
as
provided
in
section
515.129C
.
Proof
of
such
mailing,
electronic
transmission,
or
delivery
to
the
first
named
insured’s
last
known
address
shall
be
maintained
by
the
insurer.
Sec.
2.
Section
515.129C,
subsection
1,
unnumbered
paragraph
1,
Code
2024,
is
amended
to
read
as
follows:
At
least
thirty
sixty
days
before
the
end
of
the
policy
or
contract
term,
an
insurer
shall
mail
or
deliver
to
the
last
known
address
of
the
first
named
insured
a
renewal
policy
or
contract,
an
offer
to
renew
the
current
policy
or
contract,
or
a
notice
of
nonrenewal
of
the
policy
or
contract.
Information
concerning
the
renewal
policy
or
contract,
the
offer
to
House
File
2265,
p.
2
renew
the
policy
or
contract,
or
the
notice
of
nonrenewal
of
the
policy
or
contract
shall
also
be
mailed,
delivered,
or
transmitted
electronically
to
the
last
known
address
of
the
producer
of
record
of
the
policy
or
contract.
Sec.
3.
EFFECTIVE
DATE.
This
Act
takes
effect
January
1,
2025.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
2265,
Ninetieth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2024
______________________________
KIM
REYNOLDS
Governor
