Bill
Bill > SF2073
IA SF2073
IA SF2073A bill for an act relating to the minimum amounts required for motor vehicle financial responsibility, and making penalties applicable.
summary
Introduced
01/21/2026
01/21/2026
In Committee
01/21/2026
01/21/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill increases the minimum amounts of coverage required for motor vehicle financial responsibility for bodily injury or death of one person ($20,000 to $50,000), bodily injury or death of two or more persons ($40,000 to $100,000), and property damage ($15,000 to $25,000). Such amounts match the requirements under current law for transportation network company drivers (Code section 321N.4) while operating but not engaged in a prearranged ride. The bill makes corresponding changes to provisions regarding associated policies, bonds, and judgments. A person who violates a provision of Code chapter 321A which does not otherwise provide a penalty commits a serious misdemeanor, punishable by confinement for no more than one year and a fine of at least $430 but not more than $2,560. In addition, Code section 321.20B prohibits a person from driving a motor vehicle unless financial liability coverage is in effect for the vehicle and the person carries proof of such coverage. By operation of law, the associated coverage amounts are increased by the bill. A person who violates Code section 321.20B commits a simple misdemeanor punishable by a $325 scheduled fine. If a violation is discovered in connection with a motor vehicle accident, the fine increases to $645. The person is also subject to possible removal of the vehicle’s registration plates and registration receipt, and impoundment of the vehicle.
AI Summary
This bill increases the minimum required coverage amounts for motor vehicle financial responsibility, which is the ability to pay for damages caused by an accident. Specifically, the minimum coverage for bodily injury or death of one person rises from $20,000 to $50,000, for bodily injury or death of two or more people from $40,000 to $100,000, and for property damage from $15,000 to $25,000. These new minimums align with the current requirements for transportation network company drivers, such as Uber or Lyft, when they are not actively engaged in a prearranged ride. The bill also makes corresponding adjustments to related policies, bonds, and judgments, and introduces penalties for violations of Chapter 321A of the Iowa Code, which previously lacked specific penalties, classifying such offenses as serious misdemeanors. Additionally, it reinforces the requirement to carry proof of financial liability coverage, with violations of this provision, under section 321.20B, now resulting in a simple misdemeanor fine, which increases if the violation occurs during an accident, and can also lead to the suspension of vehicle registration and impoundment.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Subcommittee: Kraayenbrink, Townsend, and Zumbach. S.J. 124. (on 01/21/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2073 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2073.html |
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