S1262 • 2026

INSURER INVESTMENTS – Amends existing law to revise provisions regarding miscellaneous insurer investments.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: COMMERCE AND HUMAN RESOURCES COMMITTEE
Last action: 2026-03-30
Official status: LAW
Effective date: 2026-07-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

INSURER INVESTMENTS – Amends existing law to revise provisions regarding miscellaneous insurer investments.

What This Bill Does

INSURER INVESTMENTS – Amends existing law to revise provisions regarding miscellaneous insurer investments.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-30 Idaho State Legislature
Signed by Governor on 03/26/26 Session Law Chapter 180 Effective: 07/01/2026
2026-03-26 Idaho State Legislature
Reported delivered to Governor at 4:33 p.m. on 03/25/26
2026-03-25 Idaho State Legislature
Received from Senate; Signed by Speaker; Returned to Senate
2026-03-25 Idaho State Legislature
Reported signed by the Speaker & ordered delivered to Governor
2026-03-24 Idaho State Legislature
Returned From House Passed; referred to enrolling
2026-03-24 Idaho State Legislature
Reported enrolled; signed by President; to House for signature of Speaker
2026-03-23 Idaho State Legislature
Read Third Time in Full – PASSED - 68-0-2 AYES – Alfieri, Barbieri, Beiswenger, Bingham, Boyle, Bruce, Burgoyne, Cannon, Cayler, Cheatum, Church, Crane(12), Crane(13), Dygert, Egbert, Ehardt, Ehlers, Erickson, Fuhriman, Furniss, Galaviz, Gannon, Garner, Green, Hall(Stone), Handy, Harris, Hawkins, Haws, Healey, Hill, Holtzclaw, Hostetler, Leavitt, Manwaring, Marmon, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Pohanka, Price, Rasor, Raybould, Raymond, Redman, Rubel, Sauter, Scott, Shepherd, Shirts, Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Veile, Weber, Wheeler, Wisniewski, Mr. Speaker NAYS – None Absent – Berch, Cornilles Floor Sponsor - Ehlers Title apvd - to Senate
2026-03-20 Idaho State Legislature
Read second time; Filed for Third Reading
2026-03-19 Idaho State Legislature
Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
2026-02-24 Idaho State Legislature
Received from the Senate, Filed for First Reading
2026-02-24 Idaho State Legislature
Read First Time, Referred to Business
2026-02-23 Idaho State Legislature
Read third time in full – PASSED - 33-0-2 AYES – Adams, Anthon, Bernt, Bjerke, Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Galloway, Grow, Guthrie, Harris, Keyser, Kohl, Lakey, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Shippy, Taylor, Toews, VanOrden, Ward-Engelking, Wintrow, Woodward, Zito, Zuiderveld NAYS – None Absent and excused – Hart, Semmelroth Floor Sponsor - Guthrie Title apvd - to House
2026-02-16 Idaho State Legislature
Read second time; filed for Third Reading
2026-02-13 Idaho State Legislature
Reported out of Committee with Do Pass Recommendation; Filed for second reading
2026-02-09 Idaho State Legislature
Reported Printed; referred to Commerce & Human Resources
2026-02-06 Idaho State Legislature
Introduced; read first time; referred to JR for Printing

Official Summary Text

INSURER INVESTMENTS – Amends existing law to revise provisions regarding miscellaneous insurer investments.

Current Bill Text

Read the full stored bill text

LEGISLATURE
OF
THE
STATE
OF
IDAHO
Sixty-eighth
Legislature
Second
Regular
Session
-
2026
IN
THE
SENATE
SENATE
BILL
NO.
1262
BY
COMMERCE
AND
HUMAN
RESOURCES
COMMITTEE
AN
ACT
1
RELATING
TO
INSURER
INVESTMENTS;
AMENDING
SECTION
41
-
735,
IDAHO
CODE,
TO
RE
-
2
VISE
PROVISIONS
REGARDING
MISCELLANEOUS
INVESTMENTS;
AND
DECLARING
AN
3
EMERGENCY
AND
PROVIDING
AN
EFFECTIVE
DATE.
4
Be
It
Enacted
by
the
Legislature
of
the
State
of
Idaho:
5
SECTION
1.
That
Section
41
-
735,
Idaho
Code,
be,
and
the
same
is
hereby
6
amended
to
read
as
follows:
7
41
-
735.
MISCELLANEOUS
INVESTMENTS.
(1)
An
insurer
may
loan
or
invest
8
its
funds
in
kinds
of
loans
or
investments
not
otherwise
specifically
made
9
eligible
for
investment
and
not
specifically
prohibited
or
made
ineligi
-
10
ble
by
this
or
other
provisions
of
the
Idaho
Code
in
an
aggregate
amount
1
1
not
exceeding
the
lesser
of
ten
percent
(10%)
of
an
insurer's
assets
,
or
12
seventy
-
five
percent
(75%)
of
an
insurer's
capital
and
surplus
excluding
13
surplus
notes
.
Investments
under
this
subsection
are
limited
to
five
per
-
14
cent
(5%)
of
an
insurer's
assets
in
a
single
investment
or
in
a
single
entity,
15
its
affiliates,
and
subsidiaries
as
defined
by
the
first
six
(6)
digits
of
16
the
committee
on
uniform
security
identification
procedures
(CUSIP)
number.
17
(2)
The
insurer
shall
keep
a
separate
record
of
all
investments
ac
-
18
quired
under
this
section.
19
SECTION
2.
An
emergency
existing
therefor,
which
emergency
is
hereby
20
declared
to
exist,
this
act
shall
be
in
full
force
and
effect
on
and
after
21
July
1,
2026.
22