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Panel advances bill to align Idaho insurance rules with national standards, supporters say it protects local insurer
Summary
House Bill 71 would allow the Idaho Department of Insurance to participate in standards set by the National Association of Insurance Commissioners; the House Business Committee advanced the measure by voice vote after testimony from the insurance director and the only Idaho‑domiciled life insurer.
BOISE — The House Business Committee voted to advance House Bill 71 on Thursday after testimony that the measure is necessary to maintain Idaho’s insurance accreditation and to allow Idaho‑domiciled insurers to operate under uniform standards used by other states.
State Representative Brent Crane (R‑Nampa) sponsored House Bill 71 and told the committee the measure "allows the Department of Insurance to be a part of the National Association of Insurance Commissioners" and would renew an existing, longstanding practice. "By doing this it allows for uniform standards…
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