Idaho State Statutes - Idaho Attorney Directory

NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR A
REINSURING CARRIER. (1) (a) Each small employer carrier shall notify the
director within thirty (30) days of the effective date of this chapter of the
carrier's intention to operate as a risk-assuming carrier or a reinsuring
carrier. A small employer carrier seeking to operate as a risk-assuming
carrier shall make an application pursuant to the provisions of section
41-4710, Idaho Code.
(b) The decision shall be binding for a five (5) year period except that
the initial decision shall be binding for two (2) years. The director may
permit a carrier to modify its decision at any time for good cause shown.
(c) The director shall establish an application process for small
employer carriers seeking to change their status under the provisions of
this subsection.
(2) A reinsuring carrier that applies and is approved to operate as a
risk-assuming carrier shall not be permitted to continue to reinsure any
health benefit plan with the program. Such a carrier shall pay a prorated
assessment based upon business issued as a reinsuring carrier for any portion
of the year that the business was reinsured.

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