A bill for an act relating to insurer’s requests for information and claim timelines, and property and casualty insurer’s loss calculations, adjustments, payments of claims, and policy terms.

Summary

The bill forces Iowa insurers to give policyholders detailed claim information within 15 days of request and prohibits contracts from imposing unreasonable notice or lawsuit deadlines. It also establishes how replacement‑cost claims must be calculated, including standards for repairs and the insurer’s burden of proof. The changes aim to increase transparency for insureds and ensure fair handling of property claims.

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