S-5293

   Amend Senate File 2316, as passed by the Senate, as follows:
   1.  Page 14, after line 1 by inserting: 
   <Sec. ___.  Section 513B.2, subsections 10 and 18, Code 2018, are amended to read as follows:
   10.  “Eligible employee” means an employee who works on a full-time basis and has a normal workweek of thirty or more hours. The term includes a sole proprietor, a partner of a partnership, and an independent contractor, if the sole proprietor, partner, or independent contractor is included as an employee under health insurance coverage of a small employer, but does not include an employee who works on a part-time, temporary, or substitute basis.  An internal revenue service form W-2 wage and tax statement shall not be required to qualify as an eligible employee under this subsection.
   18.  “Small employer” means a person, other than a limited liability company, a partner of a partnership, an S corporation, a C corporation, or an independent contractor, actively engaged in business who, on at least fifty percent of the employer’s working days during the preceding year, employed at least one and not more than fifty full-time equivalent eligible employees.  A limited liability company, a partner of a partnership, an S corporation, a C corporation, or an independent contractor shall not be required to employ an eligible employee to qualify as a small employer under this subsection. “Small employer” includes a self-employed individual. In determining the number of eligible employees, companies which are affiliated companies or which are eligible to file a combined tax return for purposes of state taxation are considered one employer.>
   2.  Page 14, after line 1 by inserting: 
   <Sec. ___.  NEW SECTION.  508.25A  Rules —— termination of universal life insurance policy.
   The commissioner of insurance shall adopt rules pursuant to chapter 17A that require a written notice be sent to a policyholder at least thirty calendar days prior to termination of coverage of a universal life insurance policy in an envelope that includes language on the outside of the envelope, or that is viewable through the envelope window, indicating that the envelope contains important information.>
   3.  Title page, by striking lines 1 and 2 and inserting <An Act relating to transactions by domestic stock insurers, small employer group health insurers, and universal life insurance.>
   4.  By renumbering as necessary.