Senate Study Bill 1162 



                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            COMMERCE BILL BY
                                            CHAIRPERSON WARNSTADT)


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

                                      A BILL FOR

  1 An Act allowing the waiver of certain administrative penalties
  2    for late annual reports concerning cemetery and funeral
  3    merchandise, and funeral services, upon a showing of good
  4    cause or financial hardship and providing an immediate
  5    effective date.
  6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  7 TLSB 2110SC 83
  8 av/rj/14

PAG LIN



  1  1    Section 1.  Section 523A.204, subsection 4, Code 2009, is
  1  2 amended to read as follows:
  1  3    4.  The commissioner shall levy an administrative penalty
  1  4 in the amount of five hundred dollars against a preneed seller
  1  5 that fails to file the annual report when due, payable to the
  1  6 state for deposit in the general fund of the state.  However,
  1  7 the commissioner may waive the administrative penalty upon a
  1  8 showing of good cause or financial hardship.
  1  9    Sec. 2.  Section 523A.502A, subsection 3, Code 2009, is
  1 10 amended to read as follows:
  1 11    3.  The commissioner shall levy an administrative penalty
  1 12 in the amount of five hundred dollars against a sales agent
  1 13 who fails to file an annual report when due, payable to the
  1 14 state for deposit in the general fund.  However, the
  1 15 commissioner may waive the administrative penalty upon a
  1 16 showing of good cause or financial hardship.
  1 17    Sec. 3.  EFFECTIVE DATE.  This Act, being deemed of
  1 18 immediate importance, takes effect upon enactment.
  1 19                           EXPLANATION
  1 20    This bill allows the commissioner of insurance to waive
  1 21 administrative penalties against sellers and sales agents of
  1 22 cemetery and funeral merchandise and funeral services for
  1 23 failure to timely file annual reports, upon a showing of good
  1 24 cause or financial hardship.  The bill is effective upon
  1 25 enactment.
  1 26 LSB 2110SC 83
  1 27 av/rj/14