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 Politics
Was this article valuable?
Here are more articles you may enjoy.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
Viewpoint: Japan’s $550B Bet on America鈥擶hat it Means for the US Insurance Market 
