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ID H0116
Bill
Status
3/13/2025
Primary Sponsor
Business Committee
Click for details
AI Summary
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Repeals the Idaho Small Employer Carrier Reinsurance Program established in Section 41-4711, which allowed small employer carriers to cede risk to a reinsurance pool
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Eliminates definitions and provisions related to risk-assuming carriers, reinsuring carriers, and the small employer reinsurance program plan of operation from Idaho Code
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Removes requirements for conversion plans, periodic market evaluations, and specific small employer health benefit plan standards (basic, standard, and catastrophic plans)
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Retains the Idaho Individual High Risk Reinsurance Pool while removing its administrative connection to the repealed small employer reinsurance program
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Declares an emergency effective date of July 1, 2025
Legislative Description
Amends and repeals existing law to remove the Idaho Small Employer Carrier Reinsurance Program.
INSURANCE
Last Action
Reported Signed by Governor on March 12, 2025 Session Law Chapter 49 Effective: 07/01/2025
3/13/2025