Iowa Gov. Tom Vilsack signed Senate File 2318, which will cut the premium tax for P/C insurers from 2 percent to 1 percent over a four-year period, beginning in 2004.
National Association of Independent Insurers (NAII) Counsel Ann Weber expressed appreciation for Vilsack’s action, which she said will make Iowa more competitive with other states that have lowered their premium taxes in recent years. By attracting more insurers into Iowa, the new law will benefit consumers, she added.
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Baldwin Group to Go Private After $7.7B Investment Deal 
California Governor Signs Act to Create Smoke Damage Presumption 
Humans Still Matter to Insurance Consumers, Says Big ‘I’ Survey 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts 
