HF 2367 – Iowa

Status: In Process
Year Introduced: 2024
Link: https://www.legis.iowa.gov/legislation/BillBook?ga=90&ba=HF2367

This bill relates to an insurer’s duty of good faith in negotiations. Under the bill, it shall be an unfair method of competition and unfair or deceptive act or practice in the business of insurance for an insurer to fail to negotiate in good faith all charges with a hospital licensed pursuant to Code chapter 135B. “Good faith” is defined by the bill as honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade. “Insurer” is also defined in the bill.

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