Iowa HF240 mandates insurance coverage for damages from hazardous liquid pipeline construction and operation.

Iowa HF240 establishes insurance requirements for applicants seeking a hazardous liquid pipeline permit. The bill requires applicants to provide evidence of an appropriate surety or insurance policy to cover damages from pipeline construction and operation, including negligent or intentional discharges and property value diminution. If a person cannot obtain insurance or faces increased costs due to the pipeline, the pipeline owner must either purchase insurance on their behalf or reimburse them for increased premiums.

Iowa HF240 mandates insurance coverage for damages from hazardous liquid pipeline construction and operation.

Iowa HF240 establishes insurance requirements for applicants seeking a hazardous liquid pipeline permit. The bill requires applicants to provide evidence of an appropriate surety or insurance policy to cover damages from pipeline construction and operation, including negligent or intentional discharges and property value diminution. If a person cannot obtain insurance or faces increased costs due to the pipeline, the pipeline owner must either purchase insurance on their behalf or reimburse them for increased premiums.