IA
Iowa House Bill HF911

Iowa 2025-2026 Regular Session

Iowa House Bill HF911

Introduced
3/10/25  

Caption

A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.(Formerly HSB 256; See HF 986.)

Impact

In addition to promoting financial literacy, HF911 introduces measures regarding tax confidentiality. It stipulates that tax returns related to insurance premiums shall not be publicly accessible, emphasizing privacy for the entities involved. The bill imposes severe penalties on state employees for disclosing such information, which aims to reinforce the security of sensitive financial data. This aspect of the bill has generated debate on balancing transparency in government operations with the privacy rights of individuals and companies.

Summary

House File 911 seeks to improve financial literacy and combat financial exploitation. The bill establishes two funds: the financial literacy and investor education fund and the financial exploitation prevention fund. A portion of fees collected from applications related to real estate agents will be allocated to these funds. Initiatives funded by the bill will focus on developing educational resources for the public to enhance understanding of financial issues and prevention strategies against exploitation. The commissioner of insurance is tasked with overseeing these initiatives to ensure their effective implementation.

Contention

Another significant component of HF911 relates to health insurance, allowing public hearings for proposed rate increases that exceed certain growth thresholds. Critics argue that this change could reduce oversight and limit the public's ability to question the rationale behind substantial rate hikes. Additionally, the bill addresses the insurance market's stability by establishing rules for companies planning to withdraw from sectors—requirement for withdrawal plans could lead to more strategic business decisions by insurers whilst ensuring consumers are not left without coverage unexpectedly.

Latest HF911 Activity

Companion Bills

IA HSB256

Related A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.(See HF 911, HF 986.)

IA SSB1194

Related A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.

IA HF986

Similar To A bill for an act relating to matters under the purview of the department of insurance and financial services, and the utilities commission, including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, service contracts, and cross-subsidization of public utilities, and including penalties.(Formerly HF 911, HSB 256.)

Similar Bills

IA HF986

A bill for an act relating to matters under the purview of the department of insurance and financial services, and the utilities commission, including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, service contracts, and cross-subsidization of public utilities, and including penalties.(Formerly HF 911, HSB 256.)

IA SSB1194

A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.

IA HSB256

A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.(See HF 911, HF 986.)

IA SF619

A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and applicability provisions. (Formerly SF 591, SSB 1188.)

IA HSB246

A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.(See HF 957, HF 982, HF 1012.)

IA SSB1188

A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.(See SF 591, SF 619.)

IA SF591

A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.(Formerly SSB 1188; See SF 619.)

IA HF957

A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.(Formerly HSB 246; See HF 982, HF 1012.)