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Senate committee advances bill updating Idaho Life and Health Insurance Guarantee Association
Summary
Representative Jeff Ehlers of Meridian introduced House Bill 38 to the Senate Commerce Committee, saying the measure would update the Idaho Life and Health Insurance Guarantee Association to reflect national standards and close gaps that can leave Idaho policyholders exposed.
Representative Jeff Ehlers of Meridian introduced House Bill 38 to the Senate Commerce Committee, saying the measure would update the Idaho Life and Health Insurance Guarantee Association to reflect national standards and close gaps that can leave Idaho policyholders exposed.
The bill would do four things, Ehlers said: exclude certain investors who buy life policies from coverage under the guarantee association; allow the association to roll back artificially high rates to standard market rates; permit Affordable Care Act–era co-ops doing business in Idaho to join the…
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