Text: H08191 Text: H08193 Text: H08100 - H08199 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2170 as follows:
1 2 #1. Page 2, by inserting after line 13 the
1 3 following:
1 4 "6. As a condition for writing product liability
1 5 and other liability coverage in this state, and in an
1 6 effort to determine the fairness of premiums being
1 7 charged to Iowa manufacturers and businesses, the
1 8 commissioner of insurance shall require insurance
1 9 carriers issuing such coverage to provide and document
1 10 their claims experience in this state. Insurance
1 11 carriers writing product liability coverage and other
1 12 liability coverage for Iowa manufacturers and
1 13 businesses shall be required to document and report to
1 14 the insurance division the number of claims made and
1 15 lawsuits filed in this state against Iowa
1 16 manufacturers and businesses on a yearly basis. The
1 17 commissioner of insurance shall determine the total
1 18 premiums collected from Iowa manufacturers and
1 19 businesses during the five-year period preceding the
1 20 effective date of this Act, and the total amount of
1 21 moneys paid for claims by settlement or judgment for
1 22 Iowa cases, excluding administration costs. The cost
1 23 of claims adjustments and administration shall be
1 24 accounted for separately. The commissioner of
1 25 insurance shall also determine the investment income
1 26 of each company writing product liability coverage and
1 27 other liability coverage during the five-year period
1 28 preceding the effective date of this Act."
1 29
1 30
1 31
1 32 HOGG of Linn
1 33 HF 2170.501 80
1 34 rn/pj
Text: H08191 Text: H08193 Text: H08100 - H08199 Text: H Index Bills and Amendments: General Index Bill History: General Index
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