The state Senate passed March 27 Senate File 2318, which would cut the premium tax for property/casualty insurers from 2 percent to 1 percent over a four-year period, beginning in 2004.
National Association of Independent Insurers (NAII) Counsel Ann Weber said the legislation should attract more insurers to Iowa, which would benefit consumers. Enactment of the bill also would make Iowa more competitive with other states that have reduced their premium taxes in recent years, she said.
Topics Pricing Trends Iowa Politics
Was this article valuable?
Here are more articles you may enjoy.
Applied Systems Acquires Insurance AI Platform Planck 
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement 
Beef Between Wholesale and Retail Agents Should Go to Trial, Court Finds 
MGU Private Client Select Teams With Ryan Specialty on High Net Worth 
