IA SF2342

Bill

A bill for an act relating to the required beneficiary and use of a public officer insurance policy.(Formerly SSB 3069.)

Introduced
02/16/2026

In Committee

Crossed Over

Passed

Dead

Introduced Session

91st General Assembly

Bill Summary

Under current law, certain public officers are required to obtain a bond that runs to the state for the use and benefit of any corporation, public or private, or person injured or sustaining loss, with a right of action in the name of the state for its or the corporation’s or person’s use (Code section 64.18). In 2024, the general assembly enacted a provision allowing public officers to obtain an insurance policy in lieu of such a bond. The state is required to be the beneficiary of the insurance policy and the policy is required to be for the use and benefit of any corporation, public or private, or person injured or sustaining loss, with a right of action in the name of the state for its or the corporation’s or person’s use (Code section 64.3(4)). This bill strikes these requirements for an insurance policy obtained in lieu of a bond.

AI Summary

This bill removes the requirement that a public officer's insurance policy, obtained instead of a bond, must name the state as the beneficiary and be for the use and benefit of any injured party, allowing for a right of action in the state's name. Previously, a law allowed public officers to use an insurance policy as an alternative to a bond, with specific stipulations about the beneficiary and the policy's purpose to protect those who might suffer loss. This bill strikes those specific stipulations from the law.

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Local Government (Senate)

Last Action

Committee report, approving bill. S.J. 298. (on 02/16/2026)

Official Document

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2342

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2342
BillText	https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2342.html

Bill	Bill Name	Last Action	Type
HF2522	A bill for an act relating to the required beneficiary and use of a public officer insurance policy, and including effective date provisions.(Formerly HSB 660.)	Introduced, placed on calendar. H.J. 302.	Similar To
HSB660	A bill for an act relating to the required beneficiary and use of a public officer insurance policy.(See HF 2522.)	Committee report approving bill, renumbered as HF 2522.	Related
SSB3069	A bill for an act relating to the required beneficiary and use of a public officer insurance policy.(See SF 2342.)	Committee report approving bill, renumbered as SF 2342.	Related

Bill > SF2342

summary

Introduced Session

Bill Summary

AI Summary

Sponsors (0)

Other Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary