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.
Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says 
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Chubb Group Vice Chair Lupica to Retire at 2025 End 
