HF 2100 (LSB 5288HV (3) 90)

RELATING TO REINSURANCE REQUIREMENTS FOR COUNTY AND  STATE MUTUAL INSURANCE ASSOCIATIONS. 

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 518.17, subsection 1, Code 2024, is amended to read as follows:
   1.  A county mutual insurance association may reinsure a part or all of its coverages written pursuant to this chapter with an association operating under this chapter, or with any other association or company licensed in this state that is in compliance with chapter 521B and authorized to write the kinds of insurance enumerated in section 518.11.
    Sec. 2.  Section 518A.44, subsection 1, Code 2024, is amended to read as follows:
   1.  A state mutual insurance association may reinsure a part or all of its coverages written pursuant to this chapter with an association operating under this chapter, or with any 

other association or company licensed in this state that is in compliance with chapter 521B and authorized to write the kinds of insurance enumerated in section 518A.1.

______________________________
PAT GRASSLEY
Speaker of the House

______________________________
AMY SINCLAIR
President of the Senate

   I hereby certify that this bill originated in the House and is known as House File 2100, Ninetieth General Assembly.

______________________________
MEGHAN NELSON
Chief Clerk of the House

Approved _______________, 2024

______________________________
KIM REYNOLDS
Governor