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