Iowa HF639 mandates insurance requirements for hazardous liquid pipeline permit applicants.

Iowa HF639 establishes insurance requirements for applicants seeking a hazardous liquid pipeline permit. The bill requires applicants to provide evidence of a surety or insurance policy that covers all damages from pipeline construction or operation. This policy must also cover any increased insurance costs or inability to obtain insurance for individuals due to the pipeline's presence or construction. If a person cannot obtain insurance or faces higher costs due to the pipeline, the pipeline owner must either purchase insurance for the person or reimburse their increased premiums.

Iowa HF639 mandates insurance requirements for hazardous liquid pipeline permit applicants.

Iowa HF639 establishes insurance requirements for applicants seeking a hazardous liquid pipeline permit. The bill requires applicants to provide evidence of a surety or insurance policy that covers all damages from pipeline construction or operation. This policy must also cover any increased insurance costs or inability to obtain insurance for individuals due to the pipeline's presence or construction. If a person cannot obtain insurance or faces higher costs due to the pipeline, the pipeline owner must either purchase insurance for the person or reimburse their increased premiums.