Bill > H0518

This bill repeals an existing section of Idaho's worker's compensation law and replaces it with a new section that provides for settlement agreements between parties. The key provisions include: 1) Parties can compromise and settle claims through lump sum payments, future payments, and other benefits without requiring approval from the state's Industrial Commission, except in cases where a party is a minor child or legally incompetent person. 2) The Commission must review and approve settlement agreements for minors or incompetent persons, and can decline to approve such agreements if it determines they are not in the best interests of the parties. 3) All settlement agreements must be filed with the Commission for recordkeeping and assessment purposes, and must include detailed information on the benefits paid and terms agreed upon. 4) The bill declares an emergency and states that it will take effect on July 1, 2022.

Business and Industry

Commerce and Human Resources Committee (H)

https://legislature.idaho.gov/sessioninfo/2022/legislation/H0518/