Iowa Second Injury Fund Assessment of $7M Due May 30
Summary
The Iowa Division of Insurance has announced a $7 million assessment on insurers and self-insured employers due to insufficient funds in the Second Injury Fund. Notices were emailed on March 25, 2026, with the payment deadline set for May 30, 2026.
What changed
The Iowa Division of Insurance has issued a notice of a $7 million assessment against insurers and self-insured employers operating within the state. This action is being taken because the Second Injury Fund lacks sufficient funds to cover its liabilities. Insurers and self-insured employers received official notices via email on March 25, 2026, detailing their share of this assessment.
Affected entities must remit their assessment amount by May 30, 2026. Failure to comply by this deadline may result in penalties or other enforcement actions by the Iowa Division of Insurance. Compliance officers should ensure timely payment to avoid any adverse consequences.
What to do next
- Remit Second Injury Fund assessment payment by May 30, 2026
- Review assessment notice for specific amount due
- Ensure internal financial processes are updated for timely payment
Source document (simplified)
2026 Second Injury Fund Assessment
Thursday, March 26, 2026
Sufficient funds are not available to meet the liabilities of the Second Injury Fund. Therefore, an assessment will be imposed upon insurers and self-insured employers in the State of Iowa. The assessment is $7M. Notices were emailed from this office on March 25, 2026. The assessment amount is due by May 30, 2026.
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