IdahoIdaho law caps insurers' investments outside listed categories at 10%
Idaho insurers may invest outside listed categories within a 10% total asset cap and a 5% cap for one investment or company group.
What it does
Insurers may put up to 10% of their assets into loans or investments outside listed categories, unless Idaho law bars them. A single investment or company group is limited to 5% of assets.
Argument forPermission to invest outside listed categories could help insurers choose investments that fit their needs, while the asset cap limits their exposure.
Argument againstInvestments outside listed categories could expose insurers to losses, even with limits on total holdings and investments in one company group.
More detail
Insurers may make loans or investments outside specifically approved categories within a total cap of 10% of their assets. These rules cover insurers' investments outside listed categories. A company group includes an entity, its affiliates, and its subsidiaries, identified by the first six digits of a security identification number called a CUSIP. Idaho law must not prohibit these loans or investments or make them ineligible. A single investment or company group cannot exceed 5% of the insurer's assets. Insurers must keep a separate record of all investments acquired under this section. The law took effect on July 1, 2026.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 30Signed by Governor Brad Little on 03/26/26 Session Law Chapter 180 Effective: 07/01/2026Became Law
- Mar 26Reported delivered to Governor at 4:33 p.m. on 03/25/26To Governor
- Mar 25Reported signed by the Speaker & ordered delivered to GovernorMinor
- Mar 25Received from Senate; Signed by Speaker; Returned to SenateMajor
- Mar 24Reported enrolled; signed by President; to House for signature of SpeakerMajor
- Mar 24Returned From House Passed; referred to enrollingMinor
- Mar 23Read Third Time in Full – PASSED - 68-0-2AYES – 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. SpeakerNAYS – NoneAbsent – Berch, CornillesFloor Sponsor - EhlersTitle apvd - to SenatePassed 2nd Chamber
- Vote recorded Read Third Time in Full –. Result: pass.Lower
- Mar 20Read second time; Filed for Third ReadingMinor
- Mar 19Reported out of Committee with Do Pass Recommendation, Filed for Second ReadingMinor
- Feb 24Read First Time, Referred to BusinessMinor
- Feb 24Received from the Senate, Filed for First Reading
- Feb 23Read third time in full – PASSED - 33-0-2AYES – 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, ZuiderveldNAYS – NoneAbsent and excused – Hart, SemmelrothFloor Sponsor - GuthrieTitle apvd - to HousePassed 1st Chamber
- Vote recorded Read third time in full –. Result: pass.Upper
- Feb 16Read second time; filed for Third ReadingMinor
- Feb 13Reported out of Committee with Do Pass Recommendation; Filed for second readingMinor
- Feb 9Reported Printed; referred to Commerce & Human Resources
- Feb 6Introduced; read first time; referred to JR for PrintingIntroduced
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