House
File
504
S-3152
Amend
House
File
504,
as
passed
by
the
House,
as
1
follows:
2
1.
Page
4,
after
line
11
by
inserting:
3
<
Sec.
___.
Section
522B.11,
subsection
7,
paragraph
4
e,
Code
2015,
is
amended
by
striking
the
paragraph
and
5
inserting
in
lieu
thereof
the
following:
6
e.
An
insurance
producer
owes
any
duties
and
7
responsibilities
referred
to
in
this
subsection
only
8
to
the
policy
owner,
a
person
in
privity
of
contract
9
with
the
insurance
producer,
and
the
principal
in
an
10
agency
relationship
with
the
insurance
producer.
If
a
11
person
to
whom
an
insurance
producer
owes
duties
and
12
responsibilities
is
deceased
or
incapacitated,
a
direct
13
and
specifically
identified
beneficiary
referenced
14
in
a
written
instrument
required
by
the
insurer
and
15
delivered
to
the
insurance
producer
prior
to
the
death
16
or
incapacity
may
enforce
the
insurance
producer’s
17
duties
and
responsibilities.
An
insurance
producer
18
does
not
owe
any
duty
or
responsibility
to
a
person
who
19
was
a
direct
and
specifically
identified
beneficiary
if
20
the
policy
owner
changes
the
beneficiary
in
the
manner
21
required
by
the
policy
or
contract
to
remove
the
person
22
as
a
beneficiary.
>
23
2.
Title
page,
line
1,
after
<
to
>
by
inserting
24
<
insurance,
including
>
25
3.
Title
page,
line
2,
after
<
documents
>
by
26
inserting
<
and
to
certain
duties,
responsibilities,
and
27
liabilities
of
insurance
producers
>
28
4.
By
renumbering
as
necessary.
29
______________________________
MICHAEL
E.
GRONSTAL
-1-
HF504.1735
(3)
86
av/nh
1/
1
#1.
#2.
#3.
#4.