STATEMENT OF PURPOSE
RS29519 / H0611
This legislation authorizes the director of the Department of Insurance to apply for a federal 1332 innovation
waiver, and along with the board of directors of the Idaho Individual High Risk Reinsurance Pool to implement
that waiver once approved. In order to obtain larger premium reductions for consumers participating in the
individual health insurance market, the legislation halts any reinsurance payments by the Idaho Individual High
Risk Reinsurance Pool until the waiver application is approved.
FISCAL NOTE
This legislation will have no additional impact on the state’s General fund or any dedicated fund. The
reinsurance waiver application work will be completed by Department of Insurance staff or by the Idaho
Individual High Risk Reinsurance Pool board, without a need for any new funding. Outside of the direct
impact of this legislation, in the Department of Insurance’s budget there is a one-time $25 million appropriation
for the Idaho Individual High Risk Reinsurance Pool.
Contact:
Representative Rod 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 Bill SOP/FN INTRODUCED: 02/14/2022, 9:13 AM


Statutes affected:
Bill Text: 41-5504