A bill for an act relating to the minimum amounts required for motor vehicle financial responsibility, and making penalties applicable.

This bill increases Iowa's minimum insurance coverage requirements for motor vehicle liability. It raises the required coverage to $50,000 for bodily injury or death of one person per accident (up from $20,000), $100,000 for two or more people (up from $40,000), and $25,000 for property damage (up from $15,000). These changes apply to all drivers in Iowa who must carry liability insurance, aligning the minimums with existing requirements for transportation network company drivers. The bill updates insurance policy standards, judgment limits, and penalties for failing to maintain required coverage.