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Committee advances bill adding holding-company standards to meet accreditation requirements
Summary
The Senate Commerce Committee voted to send House Bill 71 to the Senate floor. The bill would add holding-company provisions to Idaho insurance code to meet accreditation standards and help Idaho-domiciled insurers retain reciprocal regulatory treatment in other states.
The Senate Commerce Committee voted to send House Bill 71 to the Senate floor with a due-pass recommendation after testimony saying the measure updates Idaho law on insurance holding companies to conform with national accreditation standards.
Dean Cameron, Director of the Idaho Department of Insurance, said the changes would allow Idaho to maintain accreditation that…
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