Find information to help consumers with insurance, securities and investments, or other products the Iowa Insurance Division regulates as well as filing complaints with the Iowa Insurance Division.
Welcome to IID
Supervising insurance, securities & other regulated businesses in Iowa to protect consumers while providing businesses with a positive regulatory environment.
Find information and tools for the many different types of individuals working in industries regulated by the Iowa Insurance Division.
Find information and tools for the many different types of businesses the Iowa Insurance Division regulates.
Find press releases, announcements, contested case and legal information, orders and reports issued by the Iowa Insurance Division, and request open records.
- New Version of SBS
- Iowa Insurance Division Adopts Final ‘Best Interest’ Rule
- Consumer Connection: Older Americans Month
- Coronavirus Disease 2019 (COVID-19) Resources
- 2021 Rate and Form Filing Timeline for ACA Compliant On and Off Marketplace, SADPs and pre-ACA Non-Compliant Plans
- Financial Literacy Education
New Version of SBS
On Thursday, June 11, 2020, the Iowa Insurance Division is going live on the newest version of State Based Systems (SBS), a web-based NAIC application that supports state insurance regulation functions. This flyer reviews how this transition will affect you and the new tools you’ll have access to.
Iowa Insurance Division Adopts Final ‘Best Interest’ Rule
Des Moines, Iowa – The Iowa Insurance Division today filed an adopted regulation to require annuity agents to act in the best interest of their customers. Iowa’s annuity standards follow efforts by the National Association of Insurance Commissioners (NAIC) to develop a model Suitability in Annuity Transactions Model Regulation that is harmonized with rulemaking by the U.S. Securities and Exchange Commission (SEC) as well as a public comment period and hearing by the Iowa Insurance Division.
Iowa Insurance Commissioner Doug Ommen, who is also the state's securities regulator, offered the following comments.
“Iowans expect their financial professional to act in the consumer’s best interest when recommending an annuity. Iowa not only expects it, but we will require it. We are very pleased that the NAIC has approved a best interest standard. I hope to also work with other U.S. insurance regulators to require the same of any Iowa insurer writing annuity business in those states.
I am thankful for the many thoughtful industry comments during this process. When regulatory changes are made, it’s important to make sure implementation timelines work for all parties. We received several comments requesting that due to COVID-19 we delay the proposed best interest standard in our securities regulations. We have decided that is the appropriate course. I anticipate proposing best interest securities standards again later this summer.”
Click here to view the adopted regulation. The final adopted regulation is anticipated to be published in the Iowa Administrative Bulletin on June 3, 2020.
Consumer Connection: Older Americans Month
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance DivisionMay is Older Americans Month. We can all celebrate by helping ensure the older Americans in our lives know how to protect themselves from being the target of scams.
The Iowa Insurance Division often holds Fraud Fighter events around the state to educate older Iowans about investment and other types of scams. We partner with agencies like the Senior Health Insurance Information Program (SHIIP), the Senior Medicare Patrol (SMP) and the Iowa Attorney General’s Office to cover as many scams as possible. At the end of each event, all attendees are deputized as “Fraud Fighters”. Now more than ever we need to be Fraud Fighters to protect all Iowans and shield our savings.
Most of the recent COVID-19 scams are recycled and wrapped in a current event package that preys on our fears and emotions. Scammers are still using the same methods - robocalls, text messages, email, or even a knock at the door. For everyone’s protection remember these Fraud Fighter basics:
Coronavirus Disease 2019 (COVID-19) Resources
As the State of Iowa responds to Coronavirus Disease 2019 (COVID-19), the Iowa Insurance Division is closely monitoring the situation and actively communicating with insurance companies that operate in the State of Iowa. The Division provides answers to some commonly asked questions below and will update this page as necessary.
The Commissioner reminds Iowans that they can help prevent the spread of illness by following simple daily precautions including washing hands frequently, covering coughs and sneezes, and staying home when ill. It is currently flu and respiratory disease season, and Iowa Department of Public Health (IDPH) recommends getting the flu vaccine. Influenza activity is widespread in Iowa and as long as flu viruses are circulating, it's not too late to receive the vaccine.
2021 Rate and Form Filing Timeline for ACA Compliant On and Off Marketplace, SADPs and pre-ACA Non-Compliant Plans
Click here to view the 2021 rate and form filing timeline for ACA compliant on and off marketplace, SADPs and pre-ACA non-compliant plans.
Financial Literacy Education
Are you an Iowa teacher looking to bring the FUN & EXCITEMENT of financial literacy to your classroom? The Iowa Insurance Division is here to help through our wonderful partners at the National Theatre for Children, EVERFI, & Funding the Future!
Visit https://iid.iowa.gov/investor-education-financial-literacy to learn more!
New Version of SBS
On Thursday, June 11, 2020, the Iowa Insurance Division is going live on the newest version of State Based Systems (SBS), a web-based NAIC application that supports state insurance regulation functions. This flyer reviews how this transition will affect you and the new tools you’ll have access to.
Iowa Insurance Division Adopts Final ‘Best Interest’ Rule
Des Moines, Iowa – The Iowa Insurance Division today filed an adopted regulation to require annuity agents to act in the best interest of their customers. Iowa’s annuity standards follow efforts by the National Association of Insurance Commissioners (NAIC) to develop a model Suitability in Annuity Transactions Model Regulation that is harmonized with rulemaking by the U.S. Securities and Exchange Commission (SEC) as well as a public comment period and hearing by the Iowa Insurance Division.
Iowa Insurance Commissioner Doug Ommen, who is also the state's securities regulator, offered the following comments.
“Iowans expect their financial professional to act in the consumer’s best interest when recommending an annuity. Iowa not only expects it, but we will require it. We are very pleased that the NAIC has approved a best interest standard. I hope to also work with other U.S. insurance regulators to require the same of any Iowa insurer writing annuity business in those states.
I am thankful for the many thoughtful industry comments during this process. When regulatory changes are made, it’s important to make sure implementation timelines work for all parties. We received several comments requesting that due to COVID-19 we delay the proposed best interest standard in our securities regulations. We have decided that is the appropriate course. I anticipate proposing best interest securities standards again later this summer.”
Click here to view the adopted regulation. The final adopted regulation is anticipated to be published in the Iowa Administrative Bulletin on June 3, 2020.
Consumer Connection: Older Americans Month
By Sonya Sellmeyer, Consumer Advocacy Officer for the Iowa Insurance DivisionMay is Older Americans Month. We can all celebrate by helping ensure the older Americans in our lives know how to protect themselves from being the target of scams.
The Iowa Insurance Division often holds Fraud Fighter events around the state to educate older Iowans about investment and other types of scams. We partner with agencies like the Senior Health Insurance Information Program (SHIIP), the Senior Medicare Patrol (SMP) and the Iowa Attorney General’s Office to cover as many scams as possible. At the end of each event, all attendees are deputized as “Fraud Fighters”. Now more than ever we need to be Fraud Fighters to protect all Iowans and shield our savings.
Most of the recent COVID-19 scams are recycled and wrapped in a current event package that preys on our fears and emotions. Scammers are still using the same methods - robocalls, text messages, email, or even a knock at the door. For everyone’s protection remember these Fraud Fighter basics:
Coronavirus Disease 2019 (COVID-19) Resources
As the State of Iowa responds to Coronavirus Disease 2019 (COVID-19), the Iowa Insurance Division is closely monitoring the situation and actively communicating with insurance companies that operate in the State of Iowa. The Division provides answers to some commonly asked questions below and will update this page as necessary.
The Commissioner reminds Iowans that they can help prevent the spread of illness by following simple daily precautions including washing hands frequently, covering coughs and sneezes, and staying home when ill. It is currently flu and respiratory disease season, and Iowa Department of Public Health (IDPH) recommends getting the flu vaccine. Influenza activity is widespread in Iowa and as long as flu viruses are circulating, it's not too late to receive the vaccine.
2021 Rate and Form Filing Timeline for ACA Compliant On and Off Marketplace, SADPs and pre-ACA Non-Compliant Plans
Click here to view the 2021 rate and form filing timeline for ACA compliant on and off marketplace, SADPs and pre-ACA non-compliant plans.
Financial Literacy Education
Are you an Iowa teacher looking to bring the FUN & EXCITEMENT of financial literacy to your classroom? The Iowa Insurance Division is here to help through our wonderful partners at the National Theatre for Children, EVERFI, & Funding the Future!
Visit https://iid.iowa.gov/investor-education-financial-literacy to learn more!