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Issue

Bill #

Bill Description

Financial Regulations

(Accounting Standards/Regulations)

HB 113

Requires producers who hold funds in trust for others to maintain and account for the funds separately from the producer's personal or business funds. LAW. Effective 7/1/05. Chapter 62, Laws of 2005.

(Loan Regulations)

HB 114

Requires an insurance producer who borrows money from a customer to complete a loan agreement signed by all parties setting forth loan terms. LAW. Effective 7/1/05. Chapter 73, Laws of 2005.

(Countersignature Requirements)

HB 116

Repeals existing requirements that all foreign insurers attach an affidavit to their annual financial statement certifying that the insurer has complied with the state's countersignature laws. LAW. Effective 7/1/05. Chapter 75, Laws of 2005.

Fraud

HB 115

Clarifies that all Idaho law enforcement agencies and any prosecutor that may have jurisdiction are authorized entities for insurance fraud reporting purposes. LAW. Effective 7/1/05, Chapter 74, Laws of 2005.

Guaranty Fund

HB 162

Clarifies refund obligation and options of the state guaranty association. LAW. Effective 7/1/05. Chapter 74, Laws of 2005.

Miscellaneous New Insurance Laws

(Cancellation Notice - Fire Insurance)

HB 136

Provides that proof of mailing of notice of cancellation of a fire policy, intent not to renew or reasons for cancellation or nonrenewal to the named insured to their residence represents sufficient notice. LAW. Effective 7/1/05. Chapter 81, Laws of 2005.

Motor Vehicle Insurance

(Traffic Safety - Child Safety Restraints)

HB 178

Requires children six years and under to be secured in a child safety restraint while being transported in a noncommercial vehicle. LAW. Effective 7/1/05. Chapter 208, Laws of 2005.

(Traffic Safety - Helmet Requirements)

SB 1130

Extends the requirement to wear a safety helmet to persons under the age of 18 operating or riding all-terrain vehicles or motorcycles. LAW. Effective 7/1/05.

(Accident Reporting)

HB 208

Increases the amount of property damage from a motor vehicle accident that requires a police report to be filed. LAW. Effective 1/1/06. Chapter 269, Laws of 2005.

(Accident Reporting)

HB 130

Allows any person involved in a motor vehicle collision that is investigated by a law enforcement agency, the person's authorized legal representative, and the insurer to have a complete, unaltered copy of the collision report. LAW. Effective 7/1/05. Chapter 333, Laws of 2005.

Standard Fire Policy

(Terrorism)

HB 160

Allows a standard fire policy to exclude coverage for loss by fire or other perils caused by terrorism. LAW. Effective 7/1/05. Chapter 82, Laws of 2005.

State Regulator Authority

HB 119

Specifically lists the insurance department director's enforcement powers within a single code section and clarifies that the director's enforcement orders are subject to procedural requirements for notice, hearing and appeals. LAW. Effective 7/1/05.

Tort Reform

(Defense of State Employees)

HB 49

Clarifies existing language addressing the scope of the state's responsibility to provide a legal defense to its employees when they are sued in their personal capacity for actions related to their jobs. LAW. Effective 7/1/05.

Workers' Compensation

(Medical Fees)

HB 331

Adopts a medical fee schedule for physician services and requires the industrial commission to develop conversion factors by 1/1/06 to be effective by 4/1/06. LAW. Effective 7/1/05. Chapter 371, Laws of 2005.

(Disputes and Settlements)

SB 1092

Clarifies that right to workers' compensation benefits is not affected except in the case of a denied claim, for which the statute of limitations for requesting a hearing and award is one year from the date of making the claim. LAW. Effective 7/1/05. Chapter 161, Laws of 2005.