Legislation Proposes Insolvent Carrier Fund

A bill introduced in the Idaho Senate would create an insolvent carrier fund in the state Treasury and amend the list of financial instruments that carriers and self-insured employers must post as security deposits.Senate Bill 1252, by the State Affairs Committee, would require security deposits be given to the state treasurer as opposed to the Industrial Commission.The bill would say acceptable instruments to satisfy posting requirements include bonds, treasury bills, interest-bearing notes or other obligations of the United States for which the full faith and credit is pledged for the paymen...