House Study Bill 313 



                                       HOUSE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            GOVERNMENT OVERSIGHT
                                            BILL BY CHAIRPERSON
                                            LENSING)


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

                                      A BILL FOR

  1 An Act relating to the powers of the commissioner of insurance to
  2    enforce the state's insurance laws.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2921YC 82
  5 av/gg/14

PAG LIN



  1  1    Section 1.  Section 505.8, Code 2007, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  8.  The commissioner may assess fines or
  1  4 penalties, order restitution, or take other corrective action
  1  5 as the commissioner deems necessary or appropriate to
  1  6 accomplish the purposes of the laws of the state relating to
  1  7 all insurance business transacted in the state.
  1  8                           EXPLANATION
  1  9    This bill provides that the commissioner of insurance may
  1 10 assess fines or penalties, order restitution, or take other
  1 11 corrective action as deemed necessary or appropriate to
  1 12 accomplish the purposes of the state's insurance laws.
  1 13 LSB 2921YC 82
  1 14 av:rj/gg/14