Loading chat...
ID S1395
Bill
Status
4/3/2012
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
-
Amends Section 72-901, Idaho Code to revise compensation for State Insurance Fund board members.
-
Changes board member compensation to match the rate prescribed in Section 59-509(hn), Idaho Code, replacing previous compensation provisions.
-
Maintains the five-member board composition: one licensed insurance agent, one business representative, one labor representative, one state senator, and one state representative, each appointed by the governor for four-year terms.
-
Preserves the board's duty to direct state insurance fund policies and operations to ensure efficient management, actuarial soundness, and fulfillment of public purposes.
Legislative Description
Amends existing law relating to the Board of Directors of the State Insurance Fund to revise board member compensation.
STATE INSURANCE FUND
Last Action
Governor signed Session Law Chapter 280 Effective: 07/01/12
4/3/2012