House
File
2455
H-8149
Amend
House
File
2455
as
follows:
1
1.
Page
14,
after
line
1
by
inserting:
2
<
Sec.
___.
Section
508.25,
Code
2018,
is
amended
to
read
as
3
follows:
4
508.25
Policy
forms
——
approval.
5
It
shall
be
unlawful
for
any
insurance
company
transacting
6
business
within
this
state,
under
the
provisions
of
this
7
chapter
,
to
write
do
any
of
the
following:
8
1.
Write
or
use
any
form
of
policy
or
contract
of
insurance,
9
on
the
life
of
any
individual
in
this
state,
until
a
copy
10
of
such
form
of
policy
or
contract
has
been
filed
with
and
11
approved
by
the
commissioner
of
insurance.
12
2.
Fail
to
provide
at
least
thirty
calendar
days’
advance
13
written
notice,
by
certified
mail
to
a
policyholder’s
last
14
known
address,
prior
to
a
change
in
the
policyholder’s
premium
15
for
the
policyholder’s
universal
life
policy
or
contract.
16
3.
Terminate
a
policyholder’s
coverage
for
failure
to
pay
17
a
premium
for
the
policyholder’s
universal
life
policy
or
18
contract
if
notification
pursuant
to
subsection
2
is
not
given
19
to
the
policyholder.
>
20
2.
Title
page,
by
striking
lines
1
and
2
and
inserting
<
An
21
Act
relating
to
transactions
and
notifications
by
domestic
22
stock
insurers
and
life
insurance
companies.
>
23
3.
By
renumbering
as
necessary.
24
______________________________
STAED
of
Linn
-1-
HF2455.4244
(2)
87
ko/rj
1/
1
#1.
#2.
#3.