ID S1252

Amends Idaho Code Section 72-301 to clarify that self-insured employers may deposit acceptable security instruments (bonds, treasury bills, interest-bearing notes, or U.S. obligations) with the state treasurer instead of only cash, and permits surety bonds as an alternative.

Requires the Industrial Commission to adopt rules governing qualifications of self-insured employers, the nature and amount of security deposits, and conditions for maintaining self-insured status.

Creates an insolvent insurer fund in the state treasury to hold security from insurers placed in liquidation, with interest credited pro rata to account balances and funds available for reasonable costs charged by financial institutions.

Adds new Section 72-301A to provide alternative security requirements for employers with federal cost reimbursement contracts related to Idaho National Laboratory work, exempting them from security deposits, payroll history requirements, and excess insurance coverage requirements.

Allows self-insured employers under Section 72-301A to provide coverage for claims from events occurring before the self-insured program's effective date without separate coverage or deposits.