Senate unanimously passes bill to regulate vehicle and residential service contracts

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.

The substitution process began when the Senate agreed by unanimous consent to substitute House File 2756 for Senate File 2505. After opening statements, Senator Buslow said the bill "provides a good balance between making sure that we are protecting consumers with these contracts, but not over regulating and overburdening, and raising costs, on consumers with regulation." He then asked that the bill be read for the final time and placed on its passage.

The secretary read the bill caption on the floor. The Senate opened the voting system for final passage, recorded roll-call votes and reported 46 ayes and 0 nays. The chair declared that House File 2756 had received a constitutional majority, the bill passed the Senate, and the title was agreed to. After passage, Senator Buslow asked unanimous consent to withdraw Senate File 2505; the chair ordered the withdrawal after hearing no objections.

The Senate later ordered House File 2756 messaged to the House of Representatives. The bill's text in the record references oversight by the Iowa Insurance Division; the Senate record does not specify implementing administrative details beyond that oversight, nor does it list a sponsor's full given name on the floor record. The Senate recessed later in the session without further action on the measure.