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Senate unanimously passes bill to regulate vehicle and residential service contracts
Summary
The Iowa Senate passed House File 2756, a statutory framework to regulate vehicle and residential service contracts, by a 46-0 roll call after substituting it for Senate File 2505. Sponsor Senator Buslow called the measure a compromise between the Iowa Insurance Division and service-contract companies.
Senator Buslow of Polk moved the final reading and passage of House File 2756, a statutory framework to regulate vehicle and residential service contracts, and said the measure represents a negotiated compromise between the Iowa Insurance Division and service-contract companies. "This is an insurance division bill that is a, carefully crafted compromise between the division themselves and, the service contract companies," he said.
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