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

SF 119 increases Iowa's minimum required auto insurance coverage for bodily injury or death to $50,000 per person (up from $20,000) and $100,000 for two or more people (up from $40,000), while raising property damage coverage to $25,000 (up from $15,000). These changes apply to all drivers in Iowa and align with existing requirements for transportation network company drivers (like Uber/Lyft). The bill also updates penalties for violations, increasing the fine for driving without coverage to $645 if involved in an accident (up from $325). It ensures insurance policies and judgments reflect the new coverage limits, matching current standards for ride-share services.