All Roll Calls
Yes: 137 • No: 0
IowaHF 223291st General Assembly (2025–2026)House
A bill for an act relating to life insurance, permissible third parties, and financial exploitation of eligible adults. (Formerly HSB 516.) Effective date: 07/01/2026.
Sponsored By: COMMITTEE ON COMMERCE
Signed by Governor
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Safe contacts can receive exploitation alerts
Beginning July 1, 2026, insurers and qualified individuals can report suspected exploitation of eligible adults to Iowa's insurance commissioner. These reports are allowed, not required, and can cover past, attempted, or ongoing exploitation. They can also alert contacts designated by the adult or otherwise authorized by law. They must not alert contacts reasonably suspected of exploiting or abusing the adult. Adults can voluntarily share contact details; insurers and qualified individuals are not liable for failing to request them. Qualified individuals include insurance producers with at least two hours of relevant continuing education or people completing required insurer training. Reasonable, good-faith disclosures receive civil and administrative immunity, including protection for not telling the adult about a commissioner report.
Insurers must strengthen adult exploitation safeguards
Beginning July 1, 2026, insurers must support investigations by sharing relevant exploitation records with Iowa's insurance commissioner and law enforcement. Records include account history and transaction or payment requests; shared records are confidential and unavailable for public inspection. Existing investigation and arrest rules also extend to qualifying life-insurance investigations and assignments. Insurers must train supervisors and staff who handle or advise on complaints, possible fraud, and investigations by June 30, 2027. Training covers spotting exploitation and following privacy rules; employed qualified individuals are exempt. Later hires and affiliates must receive training as soon as reasonably practical, within one year of joining.
Exploitation safeguards can delay adults' money
Beginning July 1, 2026, insurers can hold transactions when an internal review supports a reasonable belief of likely financial exploitation. This protects eligible adults covered by state law, including beneficiaries of the affected policy, contract, or account. Covered payments include life insurance and annuity withdrawals, policy loans, surrenders, and accelerated benefits. Broker-dealers and investment advisers also gain longer hold periods when reviews continue to support exploitation concerns. Holds initially last up to 15 business days, with extensions to 25, then 55 business days from the first delay. Insurers must notify authorized people and Iowa's insurance commissioner within seven business days and keep the commissioner updated. They can skip notice to people reasonably suspected of exploitation, insurance fraud, or other abuse. Holds end when concerns are resolved or time limits expire; courts can end, extend, or change them. Reasonable, good-faith compliance carries civil and administrative immunity, but holds can temporarily block money needed for household bills.
Sponsors & Cosponsors
Sponsor
COMMITTEE ON COMMERCE
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/23/2026
Passed Senate
Yes: 47 • No: 0
House vote • 3/2/2026
Passed House
Yes: 90 • No: 0
Actions Timeline
Signed by Governor.
4/9/2026HouseReported correctly enrolled, signed by Speaker and President, and sent to Governor.
4/9/2026HouseMessage from Senate.
3/24/2026HouseImmediate message.
3/23/2026SenatePassed Senate, yeas 47, nays 0.
3/23/2026SenateSubstituted for SF 2454.
3/23/2026SenatePlaced on calendar under unfinished business.
3/19/2026SenateRead first time, attached to SF 2454.
3/3/2026SenateMessage from House.
3/3/2026SenateImmediate message.
3/2/2026HousePassed House, yeas 90, nays 0.
3/2/2026HouseIntroduced, placed on calendar.
1/30/2026House
Bill Text
As Introduced
Enrolled
Related Bills
HF 2801, A bill for an act modifying the major economic growth attraction program, and including effective date provisions. (Formerly HSB 785.) Effective date: 10/02/2026.
SF 2472, A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001.) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.
HF 2601, A bill for an act relating to campaign finance, including participation in ballot issue campaigns by foreign nationals and investigations of election misconduct, and making penalties applicable. (Formerly HF 2044.) Effective date: 07/01/2026.
SF 2471, A bill for an act relating to fees for lifetime fur harvester licenses. (Formerly SF 2317, SSB 3121.) Effective date: 07/01/2026.
SF 2399, A bill for an act relating to bail and bond amounts and conditions. (Formerly SSB 3162.) Effective date: 07/01/2026.
SF 2299, A bill for an act relating to the district-to-community college sharing or concurrent enrollment program. (Formerly SF 2176.) Vetoed 6-2-26.