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IA SF2233
Bill
Status
Introduced
2/9/2026
Primary Sponsor
Scott Webster
Click for details
AI Summary
- Requires insurers to provide policyholders with claim-related documents within 15 calendar days of request, including certified policy copies, claim applications, adjuster contact information, payment accountings, reserve amounts, and internal communications
- Prohibits insurers from claiming privilege to withhold information that is later determined not to be privileged; doing so constitutes an unfair or deceptive practice under Iowa Code section 507B.4
- Bans insurance policy provisions that impose loss notification deadlines when the insured could not reasonably have known about the loss and the insurer would not be prejudiced by delayed notice
- Mandates minimum one-year deadline for policyholders to recover depreciation amounts under replacement cost policies, with insurers required to provide 90 days written notice before the deadline expires
- Establishes minimum statute of limitations of five years from loss date or two years from claim denial (whichever is later) for insureds to sue over wrongfully denied claims, with 90 days advance written notice required
Legislative Description
A bill for an act relating to insurer's requests for information and claim timelines, and property and casualty insurer's loss calculations, adjustments, payments of claims, and policy terms.
Last Action
Subcommittee recommends amendment and passage.
2/19/2026
Committee Referrals
Commerce2/9/2026
Full Bill Text
No bill text available