The Idaho Insurance Code has been amended to require that all third party administrators (“TPAs”) doing business in Idaho be either registered with or licensed by the Idaho Department of Insurance (“DOI”).  The amendment provides that TPAs doing business with only self-funded employer plans not regulated by the DOI need not be licensed, but must register with the DOI using a registration form available on the DOI website.  Under the amendment, all other TPAs operating in Idaho must be licensed by the DOI.  The amendment has a retroactive effective date of February 1, 2010.

According to a press release issued by the DOI on March 18, 2010, the amendment was adopted in order to bring Idaho into compliance with the National Association of Insurance Commissioners model act regarding third party administrators.