Text: H03988 Text: H03990 Text: H03900 - H03999 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 486, as amended, passed, and
1 2 reprinted by the House, as follows:
1 3 #1. Page 3, by inserting after line 33 the
1 4 following:
1 5 "(5) The name of the purchaser, beneficiary, and
1 6 the amount of each agreement referred to in section
1 7 523A.1 made in the preceding year and the date on
1 8 which it was made.
1 9 (6) Other information reasonably required by the
1 10 commissioner for purposes of administration of this
1 11 chapter."
1 12 #2. Page 5, by striking lines 5 through 10.
1 13 #3. Page 31, by inserting after line 30 the
1 14 following:
1 15 "Sec. . NEW SECTION. 523A.23 MINIMUM FIDELITY
1 16 BOND OR INSURANCE POLICY.
1 17 The seller, in connection with an offer or sale of
1 18 an agreement referred to in section 523A.1, shall
1 19 obtain and maintain at all times a fidelity bond or
1 20 insurance policy covering losses resulting from
1 21 dishonest or fraudulent acts committed by employees of
1 22 the seller which cause a loss, theft, or
1 23 misappropriation of cash, property, or a negotiable
1 24 instrument submitted to the seller pursuant to the
1 25 agreement. The fidelity bond or insurance policy must
1 26 be maintained in an amount not less than fifty
1 27 thousand dollars."
1 28 #4. Page 34, by inserting after line 17 the
1 29 following:
1 30 "(5) The name of the purchaser, beneficiary, and
1 31 the amount of each agreement referred to in section
1 32 523E.1 made in the preceding year and the date on
1 33 which it was made.
1 34 (6) Other information reasonably required by the
1 35 commissioner for purposes of administration of this
1 36 chapter."
1 37 #5. Page 35, by striking lines 24 through 29.
1 38 #6. Page 38, by inserting after line 19 the
1 39 following:
1 40 "Sec. . NEW SECTION. 523E.22 MINIMUM FIDELITY
1 41 BOND OR INSURANCE POLICY.
1 42 The seller, in connection with an offer or sale of
1 43 an agreement referred to in section 523E.1, shall
1 44 obtain and maintain at all times a fidelity bond or
1 45 insurance policy covering losses resulting from
1 46 dishonest or fraudulent acts committed by employees of
1 47 the seller which cause a loss, theft, or
1 48 misappropriation of cash, property, or a negotiable
1 49 instrument submitted to the seller pursuant to the
1 50 agreement. The fidelity bond or insurance policy must
2 1 be maintained in an amount not less than fifty
2 2 thousand dollars."
2 3 #7. Page 65, line 10, by striking the word and
2 4 figures ", 566A.2B, and 566A.2C" and inserting the
2 5 following: "and 566A.2B".
2 6 #8. Page 65, by striking lines 13 through 15 and
2 7 inserting the following: "exempt from section
2 8 566A.2D. Political subdivisions of the state which
2 9 are counties or cities are exempt from this chapter.
2 10 Political subdivisions of the state other than
2 11 counties or cities are exempt from sections 566A.3 and
2 12 566A.6."
2 13 #9. Page 67, by striking lines 30 through 34.
2 14 #10. Page 69, by striking lines 3 through 24.
2 15 #11. Page 70, line 3, by inserting after the word
2 16 "subdivision" the following: "subject to this
2 17 section".
2 18 #12. Page 71, line 1, by inserting after the word
2 19 "subdivision" the following: "subject to this
2 20 section".
2 21 #13. Page 74, line 29, by striking the words and
2 22 figure "sections 566A.2C and" and inserting the
2 23 following: "section".
2 24 #14. Page 75, lines 1 and 2, by striking the words
2 25 and figures "sections 566A.2C, 566A.2D, and 566A.2E"
2 26 and inserting the following: "section 566A.2E".
2 27 #15. By renumbering, relettering, or redesignating
2 28 and correcting internal references as necessary.
2 29 HF 486S
2 30 mj/cc/26
Text: H03988 Text: H03990 Text: H03900 - H03999 Text: H Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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