A bill for an act relating to the required beneficiary and use of a public officer insurance policy.

This bill (SF 2342) removes a requirement in Iowa law that the state must be named as the beneficiary of insurance policies public officers use instead of bonds. Currently, such policies must benefit the state and allow the state to pursue claims on behalf of injured parties. The bill amends Code section 64.3(4) to eliminate this specific provision, giving public officers more flexibility in structuring their insurance coverage. It directly affects public officers who opt for insurance policies rather than traditional bonds to cover potential liabilities.