House File 155 - Introduced



                                       HOUSE FILE       
                                       BY  BAUDLER


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to life insurance premium reimbursements for
  2    certain members of the national guard, and providing
  3    applicability and effective dates.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1967HH 81
  6 av/gg/14

PAG LIN



  1  1    Section 1.  NEW SECTION.  29A.27A  LIFE INSURANCE PREMIUM
  1  2 REIMBURSEMENTS.
  1  3    1.  Subject to an appropriation of sufficient funds by the
  1  4 general assembly, a member of the national guard on active
  1  5 duty in the military service of this state or of the United
  1  6 States is eligible for reimbursement for premiums paid for a
  1  7 life insurance policy with limits up to and including two
  1  8 hundred fifty thousand dollars that is obtained through the
  1  9 federal servicemembers' group life insurance program pursuant
  1 10 to 38 U.S.C. } 1965 et seq., as amended.
  1 11    2.  The adjutant general shall adopt rules necessary to
  1 12 determine eligibility for the reimbursement and to administer
  1 13 a reimbursement program.
  1 14    3.  This section is not intended to alter, amend, or change
  1 15 the eligibility or applicability requirements of the
  1 16 servicemembers' group life insurance program pursuant to 38
  1 17 U.S.C. } 1965 et seq., as amended, or any rights,
  1 18 responsibilities, or benefits thereunder.
  1 19    Sec. 2.  APPLICABILITY DATE.  The provisions of this Act
  1 20 apply to life insurance premiums paid on or after the
  1 21 effective date of this Act.
  1 22    Sec. 3.  EFFECTIVE DATE.  This Act, being deemed of
  1 23 immediate importance, takes effect upon enactment.
  1 24                           EXPLANATION
  1 25    This bill provides that a member of the national guard on
  1 26 active duty in the military service of this state or of the
  1 27 United States is eligible for reimbursement for premiums paid
  1 28 for a life insurance policy with limits up to and including
  1 29 $250,000 that is obtained through the federal servicemembers'
  1 30 group life insurance program, subject to an appropriation of
  1 31 sufficient funds by the general assembly.  The bill also
  1 32 provides that the adjutant general shall adopt rules necessary
  1 33 to determine eligibility for the reimbursement payments and to
  1 34 administer a reimbursement program.
  1 35    The bill does not alter, amend, or change the eligibility
  2  1 or applicability requirements of the federal program or any
  2  2 rights, responsibilities, or benefits under the federal
  2  3 program.
  2  4    The bill is applicable to life insurance premiums paid on
  2  5 or after the effective date of the bill.  The bill is
  2  6 immediately effective upon enactment.
  2  7 LSB 1967HH 81
  2  8 av:rj/gg/14