US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 32
                         FRATERNAL BENEFIT SOCIETIES
    41-3226.  LICENSE. (1) No fraternal benefit society shall transact
business in this state without a license therefor issued by the director. Such
a license issued under this code shall continue in force for as long as the
society is entitled thereto under this chapter and until suspended or revoked
by the director, or terminated at the request of the society; subject,
however, to continuance of the license by the society each year by:
    (a)  Payment prior to March 1 of the continuation fee provided in section
    41-3235, Idaho Code, (fees); and
    (b)  Due filing by the society of its annual statement for the calendar
    year preceding as required under section 41-3225, Idaho Code.
    (2)  If not so continued by the society, its license shall expire at
midnight on the March 31 next following such failure of the society to
continue it in force. The director shall promptly notify the society of the
occurrence of any failure resulting in impending expiration of its license.
    (3)  The director may, in his discretion, upon the society's request made
within three (3) months after expiration, reinstate a license which the
society has inadvertently permitted to expire, after the society had fully
cured all its failures which resulted in the expiration, and upon payment by
the society of an additional fee for reinstatement specified in section
41-3235, Idaho Code (fees). Otherwise the society shall be granted another
license only after filing application therefor and meeting all other
requirements as for an original license.
    (4)  For each license the society shall pay the director the fee
prescribed in section 41-3235, Idaho Code.
    (5)  A duly certified copy or duplicate of the license shall be prima
facie evidence that the licensee is a fraternal benefit society within the
meaning of this chapter.