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Expand Section 2020 Insurance Legislation Summary

(All legislation takes effect July 1, 2020 unless otherwise noted.)

Department of Insurance Legislation:

  • Regarding the Idaho Hospital Liability Trust Act - Title 41, Idaho Code, Chapter 37: repealing the Act. House Bill 362 - Consistent with the Red Tape Reduction Act, this legislation repealed the Hospital Liability Trust Act. No hospital liability trusts were currently registered in the state of Idaho nor had any been registered for several years.
    Presenter: Director Cameron

Enacted Insurance-Related Legislation (for other bills that were printed but not enacted, please refer to www.legislature.idaho.gov):

  • Amending Idaho Code § 41-349 - House Bill 386. This legislation adds to existing law to provide certain registration and reporting requirements, to prohibit certain actions, to provide certain requirements for maximum allowable cost pricing, and to prohibit the retroactive denial or reduction of a claim in certain instances.
    This bill was signed into law by Governor Brad Little on March 12, 2020.
  • Amending Idaho Code §§ 41-1941, 41-1942, and 41-1943 - House Bill 526. This legislation only applied to the section regarding indexed annuities. It asks the agent to maintain disclosure records for a time certain and asks insurance companies to surrender charges over a 10-year period. The director would be charged to create the disclosure form.
    This bill was signed into law by Governor Brad Little on March 24, 2020.


Expand Section 2019 Insurance Legislation Summary

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Expand Section 2017 Insurance Legislation Summary

Expand Section 2016 Insurance Legislation Summary

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Expand Section 2014 Insurance Legislation Summary

Expand Section 2013 Insurance Legislation Summary