Iowa HF986 regulates service contracts, financial literacy, and insurance withdrawals.
Iowa HF986 addresses various aspects of service contracts, financial literacy, and insurance withdrawals. It mandates that service companies provide clear, written explanations for claim denials and outlines procedures for contract cancellation. The bill establishes financial literacy and investor education funds, with initiatives to educate the public on financial topics. It also details requirements for insurers withdrawing from the state, including filing withdrawal plans and maintaining policyholder coverage.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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