STATEMENT OF PURPOSE
RS26688
Idaho code section 41-4003 requiring all government self-funded plans to register with the director is to be
amended to exempt the state. This allows the state to enter into a self-funding contract without an additional
initial up-front surplus. All other government agencies must register. Counties shall register within a five
year period. Section 41-4010 Reserves and surplus (c) provides alternatives to limit the maximum liability in
a registered self-funded plan using proper funding and insurance products. A waiver is given to the director
of insurance for plans that are properly funded without insurance. A technical correction was also made.
FISCAL NOTE
This bill would have no fiscal impact on the General Fund since it enables, rather than obligates, self-funding
plans.
Contact:
Representative Rod G. Furniss
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note H0149


Statutes affected:
Bill Text: 41-4003, 41-4004, 41-4010
Engrossment 1: 41-4003, 41-4004, 41-4010