Department of Insurance and Financial Services Omnibus (1437XD) - Insurance and Financial Services, Department of

This bill creates two new state funds to support financial education and prevention of financial exploitation in Iowa. It modifies insurance agent registration fees (charging $40 total, with $10 directed to each fund) and establishes the Financial Literacy and Investor Education Fund (for public education on financial topics) and the Financial Exploitation Prevention Fund (for victim assistance and investigations). The funds can be supported by fees, transfers from the commerce revolving fund, and civil penalty payments. These changes directly affect insurance agents through fee structures and benefit Iowa residents by funding public education programs and prevention services.