INSURER INVESTMENTS – Amends existing law to revise provisions regarding miscellaneous insurer investments.
Signed by Governor on 03/26/26 Session Law Chapter 180 Effective: 07/01/2026
Summary
The bill amends Idaho’s insurance code to allow insurers to place a portion of their funds in loans or investments that are not otherwise listed as eligible, as long as the total does not exceed the lesser of 10% of assets or 75% of capital and surplus (excluding surplus notes). It also caps any single investment or related entity at 5% of the insurer’s assets and requires insurers to keep separate records of these holdings. The change gives insurers more flexibility while imposing clear concentration limits to protect policyholders.
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