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ID S1262
Bill
Status
Engrossed
2/23/2026
Primary Sponsor
Commerce and Human Resources Committee
Click for details
AI Summary
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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
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Retains the 5% limit on investments in any single entity, including its affiliates and subsidiaries as identified by CUSIP number
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Maintains the requirement that insurers keep separate records of all investments made under this section
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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