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Bill

HCR 16

applying for a convention of the states under Article V of the Constitution of the United States.

2026 Regular Session

Authorizes a legislative interim study of Idaho’s property insurance market to identify causes of stress and develop strategies to stabilize, improve access, and affordability.

Refer for Interim Study: MA VV 03/05/2026 HJ 6 P. 38
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Bill Summary · HCR 16

Summary — HCR 16 (House Concurrent Resolution No. 16, 2025)

Classification: Concurrent resolution
Primary purpose: Authorize a legislative interim study of Idaho’s property insurance market

Purpose and intent

HCR 16 directs the Idaho Legislative Council to appoint an interim committee to study the state’s property insurance market. The study is intended to identify the causes and effects of recent market stress (including wildfire losses, carrier non‑renewals, rising rates, and reinsurance pressures) and to explore strategies to stabilize the market and make property insurance more accessible and affordable for Idahoans.

Key provisions

  • Authorizes the Legislative Council to appoint a legislative interim committee to undertake and complete a study of Idaho’s property insurance market.
  • Directs the committee to:
    • Examine impacts of recent catastrophic losses (2024 wildfires cited) and other market forces on consumers and carriers;
    • Explore strategies to stabilize the market; and
    • Develop property‑insurance approaches that improve access and affordability statewide.
  • Allows the committee to receive input, advice, and assistance from interested/affected nonlegislative parties.
  • Permits cochairs to appoint nonlegislative members; nonlegislative members:
    • May not vote on committee recommendations or proposed legislation; and
    • Will not be reimbursed from legislative funds for per diem, mileage, or other expenses.
  • Requires the committee to report its findings, recommendations, and any proposed legislation to the Second Regular Session of the Sixty‑eighth Idaho Legislature.

Fiscal impact

  • Fiscal note estimates up to $45,000 to cover legislative travel and associated costs for the interim committee.

Who is affected

  • Idaho homeowners and renters (especially those in wildfire‑prone and rural areas) — access to homeowners and dwelling insurance may be affected.
  • Property insurance carriers, reinsurers, and brokers operating in Idaho.
  • Idaho Department of Insurance and other state regulators (may receive or act on committee recommendations).
  • Consumers in the non‑admitted (surplus) market and advocates concerned with consumer protections.

Procedural / timeline aspects

  • HCR 16 is a concurrent resolution (not a statute); it authorizes a study and reporting, not immediate regulatory changes.
  • The committee’s final report and any proposed legislation are due to the Second Regular Session of the Sixty‑eighth Idaho Legislature.
  • Legislative actions recorded in the document show the resolution was adopted by both houses and signed by the Governor on September 17, 2025.

Context and possible outcomes

The resolution cites extensive 2024 wildfire losses, insurer block non‑renewals, rising repair and reinsurance costs, and movement of consumers to the non‑admitted market. The study could lead to recommended statutory or regulatory changes (for example, reinsurance programs, market‑stability mechanisms, underwriting or rate‑review reforms, consumer protections, or mitigation incentives), but HCR 16 itself only establishes the study and reporting requirement.

Compiled from official sources — confirm details with the bill’s official record.

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