41-4001 DECLARATION OF PURPOSE.
INSURANCE
CHAPTER 40
SELF-FUNDED HEALTH CARE PLANS
41-4001. Declaration of purpose. (1) It is the purpose of this chapter to recognize and provide reasonable public supervision of self-funded or partially self-funded plans for provision of health care service benefits to employees in connection with or as an alternative to insurance and other prepayment plans, to provide standards for financial soundness of such plans, to protect the interests of employees covered thereby and to provide for financially viable alternatives to traditional health care arrangements. The legislature of the state of Idaho declares that the existence and operation of such self-funded plans are matters of legislative concern, vitally affecting the rights and interests of the citizens of this state.
(2) The provisions of this chapter shall apply to any single employer or multiple employer arrangement to fully or partially self-fund a health benefit plan for beneficiaries residing in this state to the extent that state regulation of the arrangement or plan is not preempted by the employee retirement income security act of 1974.