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Committee approves life‑settlement rule rewrite; department says no substantive changes

2664303 · January 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House Business Committee approved IDAPA docket 18.03.02.2401, a negotiated rewrite of life‑settlement rules that the Department of Insurance said reduces duplication with statute and cuts about 30% of the rule text without substantive changes.

Eric Fletcher, company activities bureau chief and chief examiner for the Idaho Department of Insurance, presented IDAPA 18.03.02.2401, a rewrite of life‑settlement rules. Fletcher told the committee the rule “sets requirements for the sale and settlement of life…

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