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ID H0609
Bill
Status
2/21/2024
Primary Sponsor
Commerce and Human Resources Committee
Click for details
AI Summary
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Amends Section 72-301 to define "public employer" as excluding cities, counties, and single-purpose districts organized to provide municipal services under Idaho law.
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Amends Section 72-928 to define "public corporation" the same way, excluding cities, counties, and single-purpose districts organized to provide municipal services.
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Adds requirements for worker's compensation insurers to hold bonds with credit ratings of at least "single A minus" from nationally recognized rating organizations, with 30-day replacement requirement if downgraded below that threshold.
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Permits municipal bonds issued by Idaho state, subdivisions, counties, cities, towns, villages, and school districts as acceptable security instruments for insurers.
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Declares an emergency and makes the act effective July 1, 2024.
Legislative Description
Amends existing law to define a public employer and a public corporation with respect to certain requirements regarding security for compensation.
WORKER'S COMPENSATION
Last Action
Filed in Office of the Chief Clerk
3/4/2024