Idaho Bills

Amends existing law to revise provisions regarding miscellaneous insurer investments.

The purpose of this legislation is to update, clarify, and simplify one of the investment provisions in the insurance code. Idaho Code Section 41-735 allows insurance companies to invest funds in investments not otherwise specifically made eligible for investment in the insurance code and sets limits on the allowable percentage of those investments. This bill would maintain Idaho's miscellaneous investment allowance at 10 percent of an insurer’s assets and remove the “lesser of” alternative limit of 75% of surplus excluding surplus notes.