DEPARTMENT OF FINANCE AND DEPARTMENT OF INSURANCE – Amends, repeals, and adds to existing law to provide for the Director of the Department of Insurance to serve as the Director of the Department of Finance on and after July 1, 2027.

This bill proposes that starting July 1, 2027, the Director of the Department of Insurance will also serve as the Director of the Department of Finance in Idaho. The legislation allows the combined director to merge administrative functions, financial support, and information technology services between the two departments to improve efficiency. The bill updates state codes to establish this dual leadership role and grants the director authority to combine divisions and employees from both departments. This change would mean one person oversees both financial management and insurance regulation, potentially streamlining operations and reducing administrative costs.