This bill amends Section 41-735 of the Idaho Code, which pertains to miscellaneous investments by insurers. The key changes include the removal of the phrase "the lesser of" and the deletion of the stipulation that limits investments to "seventy-five percent (75%) of an insurer's capital and surplus excluding surplus notes." Instead, the bill establishes a clear limit that allows insurers to loan or invest an aggregate amount not exceeding ten percent (10%) of their assets. Additionally, it maintains the existing restriction that limits investments under this subsection to five percent (5%) of an insurer's assets in a single investment or entity.

The bill also mandates that insurers keep a separate record of all investments acquired under this section. An emergency clause is included, declaring that the act will take effect on July 1, 2026.

Statutes affected:
Bill Text: 41-735