ID | The Idaho Department of Insurance has issued Bulletin No 24-03.
Effective July 1, 2023, insurers must pay a minimum interest rate of 10.250% on deferred payment of cash surrender values, pursuant to Idaho Code Sections 41-1927(3) and 41-1927A(3)(b). The 10.250% interest rate is computed in accordance with Idaho Code § 28-22- 104(2) and is effective from July 1, 2023, through June 30, 2024.