2005 Idaho Code - 69-241 — INSURANCE -- CANCELLATION PROCEDURE -- SUSPENSION OF LICENSE

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 2
                             BONDED WAREHOUSE LAW
    69-241.  INSURANCE -- CANCELLATION PROCEDURE -- SUSPENSION OF LICENSE.
With the existence of an effective policy of insurance as required by section
69-206(1), Idaho Code, the insurance company involved shall be required to
give ninety (90) days' advance notice to the department by registered or
certified mail, return receipt requested, of cancellation of the policy. In
the event of any cancellation, the department shall immediately terminate the
license of such person without a hearing, and the termination shall be in
effect until satisfactory evidence of the existence of an effective policy of
insurance complying with the requirements of this chapter has been submitted
to the department.