Idaho State Statutes - Idaho Attorney Directory

(1) The administrator of the trust fund may
reinsure any risk, or any part thereof, and may enter into agreements of
reinsurance in the same way and to the same extent as other insurance
carriers, the cost of which shall be paid out of the trust fund balance.
(2) Such reinsurance contracts may be on a specific excess basis for each
liability loss sustained, or on a quota share basis of each liability loss
sustained, or on a treaty basis wherein a line of credit is available to pay
losses in excess of a given amount with the money obtained from such a loan
arrangement to be paid back only from expendable surplus funds, or on a
facultative basis with one (1) or more reinsurers whereby successive portions
of the loss are paid on a given share basis, and/or on a net annual aggregate
stop loss basis whereby the reinsurer must contribute to all losses when such
losses exceed a given amount in any policy year, or any other reinsurance
agreement found to be necessary, prudent and reasonable by competent
actuaries.

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