House Bill 100 Summary

• Establishes Chapter 63 in Idaho Code requiring insurers domiciled in Idaho to maintain a risk management framework and conduct annual Own Risk and Solvency Assessments (ORSA) consistent with National Association of Insurance Commissioners (NAIC) guidance.

• Exempts insurers with less than $500 million in annual direct written and unaffiliated assumed premiums, and insurance groups with less than $1 billion in such premiums, from ORSA requirements.

• Requires insurers to submit ORSA summary reports to the Idaho Department of Insurance upon request, no more than once per year, with signatures from chief risk officers attesting to the assessment's accuracy.

• Designates ORSA summary reports and related documents as confidential trade secrets exempt from public disclosure, subpoena, and discovery in private civil actions, though the director may share such information with other regulators and NAIC under written confidentiality agreements.

• Amends the Public Records Act (Section 74-107) to explicitly exempt ORSA-related reports and information from disclosure requirements.