The Idaho State Treasurer’s Office serves as custodian for securities required by the Idaho Industrial Commission from companies desiring authority to write workers’ compensation insurance in the State of Idaho. This deposit is held in trust for the exclusive benefit of holders of obligations of the insurer under the workers’ compensation laws of Idaho and remains with the Idaho State Treasurer or its custodial bank to answer any default of the insurer.

Please review the following Idaho Industrial Commission documents:

• Eligible Securities Allowable for Statutory Deposits (Insurers)

  Eligible Securities Allowable for Statutory Deposits (Self-Insurers)

  Surety Bonds Following Withdrawn Authority

• U.S. Treasury Bills
• U.S. Treasury Bonds
• U.S. Treasury Notes (no TIPS) 
• Cash or cash equivalent
• Idaho Municipal Bonds (allowed for Insurance Companies only)   

• Instructions for Submitting a New Custody Agreement
• New Custody Agreement

​The Principal Financial Group acquired Wells Fargo’s Institutional Retirement & Trust business as of July 2019. The effective date for transition to Principal was February 22, 2022.

Principal Bank dba Principal Custody Solutions

• Principal Bank Request to Exchange Securities
• Principal Bank Request to Add Additional Securities

US Bank

• US Bank Request to Exchange Securities
• US Bank Request to Add Additional Securities

Zions Bank

• Zions Bank Request to Exchange Securities
• Zions Bank Request to Add Additional Securities

• Idaho State Treasurer's Office - Angela Bonaminio - (208) 332-2998 
• US Bank - Mark Conte - (215) 761-9432
• Principal Custody Solutions - Sherri Bone (254) 262-3487
• Zions Bank - Twyla Lehto - (208) 501-7493