ID H0038

Excludes persons who acquire structured settlement annuity payment rights through factoring transactions (as defined in 26 U.S.C. 5891(c)(3)(A)) from coverage under the Idaho Life and Health Insurance Guaranty Association

Removes Consumer Operated and Oriented Plans (CO-OPs) established under the Affordable Care Act from the definition of "member insurer," eliminating their participation in the guaranty association

Eliminates the $300 per member insurer annual cap on non-pro rata Class A assessments, giving the board of directors discretion to set assessment amounts

Adds structured settlement annuity benefits that have been transferred through factoring transactions to the list of policies and contracts not covered by the guaranty association

Declares an emergency and takes effect July 1, 2025