Idaho State Statutes - Idaho Attorney Directory

(1) As
to a surplus line risk which has been assumed by an unauthorized insurer
pursuant to this Surplus Line Insurance Law, and if the premium thereon has
been received by the surplus line broker who placed such insurance, in all
questions thereafter arising under the coverage as between the insurer and the
insured the insurer shall be deemed to have received the premium due to it for
such coverage; and the insurer shall be liable to the insured as to losses
covered by such insurance, and for unearned premiums which may become payable
to the insured upon cancelation of such insurance, whether or not in fact the
broker is indebted to the insurer with respect to such insurance or for any
other cause.
(2) Each unauthorized insurer assuming a surplus line direct risk under
this Surplus Lines Insurance Law shall be deemed thereby to have subjected
itself to the terms of this section.

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