HF 2766: A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.
HF 2766 status: Introduced — Fiscal note (updated May 27, 2026).
What this bill does
Overall score
Bill summary
OfficialA bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy identified.
Risks
- No direct impact on environmental policy identified.
Economy
Benefits
- Increases Iowa's competitiveness in the captive insurance market.
- Encourages financial services firms to redomesticate to Iowa through tax incentives.
Risks
- Complexity of new financial instruments like securitizations requires robust regulatory monitoring.
- Tax waiver provisions create a short-term reduction in potential state premium tax revenue.
Society
Benefits
- Establishes strict oversight of life reinsurance entities to protect market integrity.
Risks
- Technical insurance regulations do not provide direct benefits to the general public.
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
The bill allows for 'securitization' of life insurance risks, which involves complex financial engineering and carries potential for systemic contagion if capital requirements are not strictly enforced.
Full impact depends on the Commissioner's future rulemaking authority.
Where it stands
Introduced
CurrentFiscal note.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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