US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 37
                      IDAHO HOSPITAL LIABILITY TRUST ACT
    41-3707.  QUALIFICATIONS FOR REGISTRATION. The director shall not register
a hospital trust which is not qualified therefor. To be qualified, a hospital
trust:
    (1)  Must require all contributions to be paid in advance and to be
deposited in and disbursed from a trust fund duly created and existing under
an adequate written trust agreement between the hospitals.
    (2)  Must have, or provide for, a trustworthy and responsible trustee, and
for competent administration of the trust fund and plan.
    (3)  Must provide that the administrator or trustee on behalf of the trust
fund, as the case may be, shall furnish to each member of the trust a written
statement adequately and clearly stating all rights and obligations of the
members of the trust, together with all applicable restrictions, limitations,
and exclusions, and the procedure for filing a claim.
    (4)  Must be actuarially sound; that is, assets, income and other
financial resources of the trust fund must be adequate under reasonable
estimates for payment of all claims, claims adjustment expenses, taxes,
expenses and other obligations.
    (5)  Must otherwise be in compliance with this chapter.