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ID S1262

Bill

Status

Engrossed

2/23/2026

Primary Sponsor

Commerce and Human Resources Committee

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Amends Idaho Code Section 41-735 to simplify the cap on miscellaneous insurer investments to 10% of an insurer's assets, removing the previous alternative limit of 75% of capital and surplus excluding surplus notes

  • Retains the 5% limit on investments in any single entity, including its affiliates and subsidiaries as identified by CUSIP number

  • Maintains the requirement that insurers keep separate records of all investments made under this section

  • Declared an emergency measure with an effective date of July 1, 2026

Legislative Description

Amends existing law to revise provisions regarding miscellaneous insurer investments.

INSURER INVESTMENTS

Last Action

Read First Time, Referred to Business

2/24/2026

Committee Referrals

Business2/24/2026
Commerce and Human Resources2/9/2026
Judiciary and Rules2/6/2026

Full Bill Text

No bill text available