Senate Resolution 5 PAG LIN 1 1 SENATE RESOLUTION NO. ___ 1 2 BY IVERSON and GRONSTAL 1 3 A Resolution designating January 29, 2003, as Iowa 1 4 Insurance Day. 1 5 WHEREAS, the Iowa insurance industry, through its 1 6 employees and agents, has made a historic contribution 1 7 to the economic growth and strength of our state and 1 8 nation; and 1 9 WHEREAS, all Iowans benefit from the financial 1 10 protections offered by the Iowa insurance industry 1 11 through the provision of mechanisms to insure the 1 12 health, life, property, and retirement income of 1 13 Iowans; and 1 14 WHEREAS, two hundred fifty=seven insurance 1 15 companies are headquartered in Iowa; and 1 16 WHEREAS, more than 40,000 Iowans work in Iowa's 1 17 insurance industry, with over 27,000 agents and 1 18 brokers representing the insurance industry in every 1 19 county in the state; and 1 20 WHEREAS, the yearly insurance industry payroll for 1 21 its Iowa employees exceeds $1.5 billion, 5 percent of 1 22 the total payroll for all Iowa employees; and 1 23 WHEREAS, Iowa's insurance industry currently 1 24 accounts for 4 percent of the gross state product, at 1 25 over $3.1 billion; NOW THEREFORE, 1 26 BE IT RESOLVED BY THE SENATE, That the Iowa Senate 1 27 designates the day of January 29, 2003, as Iowa 1 28 Insurance Day and invites the citizens of Iowa to 1 29 discover and honor the important economic 1 30 contributions made by the Iowa insurance industry. 2 1 LSB 2057SS 80 2 2 rj/sh/8