Bill description: SB 1288 would allow out-of-state insurers to sell insurance to individuals within Idaho.

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Does it give government any new, additional, or expanded power to prohibit, restrict, or regulate activities in the free market? Conversely, does it eliminate or reduce government intervention in the market? 


By allowing out-of-state insurers to sell accident and sickness insurance in Idaho, SB 1288 would create a more competitive market with a greater number of companies offering insurance plans to Idaho residents.

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Does it increase barriers to entry into the market? Examples include occupational licensure, the minimum wage, and restrictions on home businesses. Conversely, does it remove barriers to entry into the market? 


Currently, out-of-state insurers are entirely barred from offering insurance in Idaho. SB 1288 would allow these companies the ability to offer their products in Idaho’s insurance marketplace.

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