Public meeting to receive comments on proposed rules

AUTHORITY: In compliance with Section 67-5221(1), Idaho Code, notice is hereby given that this agency has initiated proposed rulemaking procedures. The action is authorized pursuant to Sections 41-211 and 41-2502(3), Idaho Code.

PUBLIC HEARING: Tuesday, July 26, 2022, 2:00 p.m. to 3:30 p.m. (MT)

In-person participation is available at:
Department of Insurance
700 W State St, 3rd Floor Conference Room A
Boise, Idaho 83702

Phone or virtual participation via Webex is available at: Join WebEx Meeting
Meeting Number (Access Code): 2451 825 4219
Meeting Password: fN4m3AqFSr3
Join by phone at: 1-720-650-7664 (USA Toll Free)

The meeting site(s) will be accessible to persons with disabilities, if needed. Requests for accommodation must be made not later than five (5) days prior to the meeting to the agency address below.

These rules are being presented for authorization as part of the DOI’s plan to review each rule every 5 years. Other than changes noted below, there are no specific rulemaking changes planned by the DOI at this time except for evaluation and amendment consistent with the Governor’s Executive Order 2020-01: Zero-Based Regulation. It is anticipated that rulemaking stakeholders will propose and advocate for rulemaking changes as part of the negotiated rulemaking process. The DOI intends to carefully consider all changes presented by the public and may propose certain changes so long as they are consistent with the rules’ statutory authority and the Governor’s Executive Order.

The following rule chapters are germane to this rulemaking:

• 18.02.02 – Automobile Insurance Policies;
• 18.02.03 – Certificate of Liability Insurance for Motor Vehicles;
• 18.07.01 – Rules Pertaining to Acquisitions of Control, Insurance Holding Company Systems and Mutual Insurance Holding Companies;
• 18.07.02 – Reserve Liabilities and Minimum Valuations for Annuities and Pure Endowment Contracts;
• 18.07.03 – Valuation of Life Insurance Policies Including the Use of Select Mortality Factors;
• 18.07.08 – Property and Casualty Actuarial Opinion Rule;
• 18.07.09 – Life and Health Actuarial Opinion and Memorandum Rule; and
• 18.08.02 – Fire Protection Sprinkler Contractors.

Proposed rules and notices are published in the July 6, 2022 Idaho Administrative Bulletin, starting on page 124.