S-3152

   Amend House File 504, as passed by the House, as follows:
   1.  Page 4, after line 11 by inserting: 
   <Sec. ___.  Section 522B.11, subsection 7, paragraph e, Code 2015, is amended by striking the paragraph and inserting in lieu thereof the following:
   e.  An insurance producer owes any duties and responsibilities referred to in this subsection only to the policy owner, a person in privity of contract with the insurance producer, and the principal in an agency relationship with the insurance producer. If a person to whom an insurance producer owes duties and responsibilities is deceased or incapacitated, a direct and specifically identified beneficiary referenced in a written instrument required by the insurer and delivered to the insurance producer prior to the death or incapacity may enforce the insurance producer’s duties and responsibilities. An insurance producer does not owe any duty or responsibility to a person who was a direct and specifically identified beneficiary if the policy owner changes the beneficiary in the manner required by the policy or contract to remove the person as a beneficiary.>
   2.  Title page, line 1, after <to> by inserting <insurance, including>
   3.  Title page, line 2, after <documents> by inserting <and to certain duties, responsibilities, and liabilities of insurance producers>
   4.  By renumbering as necessary.

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MICHAEL E. GRONSTAL