Idaho State Statutes - Idaho Attorney Directory

(1) The director may by order or by rule
declare eligible for export generally and without compliance with the
provisions of sections 41-1214(2), 41-1214(3) and 41-1215, Idaho Code, any
class or classes of insurance coverage or risk which he finds, consistent with
the procedural requirements of chapter 52, title 67, Idaho Code, that there is
no reasonable or adequate market among authorized insurers either as to
acceptance of the risk, contract terms, or premium or premium rate. Any such
order shall continue in effect during the existence of the conditions upon
which predicated, but subject to earlier termination by the director.
(2) The broker shall file with or as directed by the director a
memorandum as to each such coverage placed by him in an unauthorized insurer,
in such form and context as the director may reasonably require for the
identification of the coverage and determination of the tax payable to the
state relative thereto.
(3) The broker, or a licensed Idaho agent of the authorized insurer, may
also place with authorized insurers any insurance coverage made eligible for
export generally under subsection (1) of this section and without regard to
rate or form filings which may otherwise be applicable as to the authorized
insurer. As to coverages so placed in an authorized insurer the premium tax
thereon shall be reported and paid by the insurer as required generally under
section 41-402, Idaho Code.

Click here to visit the Official Idaho State Statutes