Idaho State Statutes - Idaho Attorney Directory

In the exercise of the
powers of the director of the department of insurance to supervise and
regulate title insurers, title insurance agents and title insurance rating
organizations as provided in this chapter, as well as the powers of
examination set forth in sections 41-219 and 41-220, Idaho Code, each title
insurer, title insurance agent or rating organization regulated or examined
shall, at the direction of the director, pay directly to such person charged
with enforcing the law or regulations and making the examinations, actual
travel expenses, a reasonable expense allowance, and compensation, at
reasonable rates as approved by the director of the department of insurance,
necessarily incurred in such matters on the presentation of a detailed account
of such charges and expenses. A title insurer shall be charged for the
original examination of a title insurance agent which the insurer desires to
represent it, and a title insurer or rating organization shall be charged
directly for hearings upon any hearing originated by filings made by it. The
regulation and examination direct charges herein provided may include both
field work and work in the office of the director necessary thereto.
Separately from the direct charges herein provided, the director may levy
a general charge upon each title insurer in proportion to the gross premiums
from title insurance written by it to defray the costs of regulation required
by this chapter. Provided, nevertheless, a title insurer shall not be charged
in any one (1) year, separately from the direct charges for examination under
section 41-219, Idaho Code, said plant examination and said hearings, in
excess of one per cent (1%) of the gross premiums as defined in section
41-402, Idaho Code, for title insurance written on Idaho real property in said
year, provided the director in the first year after the effective date hereof
may charge not in excess of two per cent (2%) of the gross premiums and may
levy said charge after July 1, 1973, in advance based on the prior year's
premiums. The director from year to year may carry forward any unexpended
balance of general charges made in a rotating fund for said expenses to be
incurred thereafter.

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