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.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Pipeline Explodes at Delfin LNG Planned Project in Louisiana 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
