House
File
2582
-
Enrolled
House
File
2582
AN
ACT
RELATING
TO
INVESTIGATIONS
OF
INSURANCE
FRAUD
RELATED
TO
ADJUSTERS,
APPRAISERS,
AND
UMPIRES,
AND
LICENSE
AND
FINANCIAL
RESPONSIBILITY
REQUIREMENTS
FOR
ADJUSTERS,
AND
INCLUDING
EFFECTIVE
DATE
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
507E.8,
subsection
1,
paragraphs
a
and
b,
Code
2026,
are
amended
to
read
as
follows:
a.
For
purposes
of
an
arrest
resulting
from
a
criminal
violation
of
any
provision
of
the
Code
subject
to
the
jurisdiction
of
the
commissioner
established
as
a
result
of
an
investigation
pursuant
to
this
chapter
or
chapter
502
,
502A
,
507A
,
522C,
522F,
523A
,
523C
,
523D
,
or
523I
.
b.
While
conducting
an
investigation
or
engaged
in
an
assignment
authorized
by
this
chapter
or
chapter
502
,
502A
,
507A
,
522C,
522F,
523A
,
523C
,
523D
,
or
523I
.
House
File
2582,
p.
2
Sec.
2.
Section
522C.4,
subsection
2,
Code
2026,
is
amended
by
adding
the
following
new
paragraph:
NEW
PARAGRAPH
.
d.
An
insurance
producer
licensed
under
chapter
522B
appointed
by,
and
granted
claim
authority
by,
an
insurer
or
self-insurer.
Sec.
3.
Section
522C.7,
Code
2026,
is
amended
to
read
as
follows:
522C.7
Financial
responsibility.
1.
Prior
to
issuance
of
a
license
under
section
522C.5A
,
522C.5B
,
522C.5C
,
or
522C.5D
,
an
applicant
shall
secure
evidence
of
financial
responsibility
through
a
surety
bond
as
in
a
form
and
manner
prescribed
by
the
commissioner.
The
surety
bond
shall
be
executed
and
issued
by
an
insurer
authorized
to
issue
surety
bonds
in
this
state
and
meet
the
following
requirements:
a.
The
surety
bond
shall
be
a
minimum
of
fifty
thousand
dollars.
b.
The
surety
bond
shall
be
in
favor
of
the
state
and
specifically
authorize
recovery
by
the
commissioner
on
behalf
of
any
person
in
this
state
who
sustains
damages
as
the
result
of
an
adjuster’s
erroneous
act,
failure
to
act,
fraud,
or
unfair
or
deceptive
act
or
practice
under
chapter
507B
.
c.
The
surety
bond
shall
not
be
terminated
without
prior
written
notice
filed
with
the
division
a
minimum
of
thirty
calendar
days
prior
to
termination.
2.
The
division
may
request
that
an
adjuster
provide
evidence
of
financial
responsibility
at
any
time
the
division
deems
relevant.
3.
An
adjuster
shall
immediately
notify
the
division
if
the
adjuster’s
evidence
of
financial
responsibility
terminates
in
violation
of
subsection
1
,
paragraph
“c”
,
or
becomes
impaired,
and
the
adjuster’s
license
shall
become
inactive
until
the
adjuster
provides
the
division
with
evidence
of
financial
responsibility.
Sec.
4.
EMERGENCY
RULES.
The
insurance
division
may
adopt
emergency
rules
under
section
17A.4,
subsection
3,
and
section
17A.5,
subsection
2,
paragraph
“b”,
to
implement
the
provisions
of
this
Act
amending
section
522C.7,
and
the
rules
shall
be
effective
immediately
upon
filing
unless
a
later
date
is
House
File
2582,
p.
3
specified
in
the
rules.
Any
rules
adopted
in
accordance
with
this
section
shall
also
be
published
as
a
notice
of
intended
action
as
provided
in
section
17A.4.
Sec.
5.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
importance,
takes
effect
upon
enactment.
______________________________
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
2582,
Ninety-first
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2026
______________________________
KIM
REYNOLDS
Governor