2005 Idaho Code - 41-329 — DURATION OF SUSPENSION -- INSURER\'S OBLIGATIONS DURING SUSPENSION PERIOD -- REINSTATEMENT

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-329.  DURATION OF SUSPENSION -- INSURER'S OBLIGATIONS DURING SUSPENSION
PERIOD -- REINSTATEMENT. (1) Suspension of an insurer's certificate of
authority shall be for such period as the director specifies in the order of
suspension, but not to exceed one (1) year. During the suspension the director
may rescind or shorten the suspension by his further order.
    (2)  During the suspension period the insurer shall not solicit or write
any new business in this state, but shall file its annual statement, pay fees,
licenses, and taxes as required under this code, and may service its business
already in force in this state, as if the certificate of authority had
continued in full force.
    (3)  Upon expiration of the suspension period, if within such period the
certificate of authority has not terminated, the insurer's certificate of
authority shall automatically reinstate unless the director finds that the
causes of the suspension have not terminated, or that the insurer is otherwise
not in compliance with the requirements of this code, and of which the
director shall give the insurer notice not less than thirty (30) days in
advance of the expiration of the suspension period after which time the
director may issue a new order of suspension. If not reinstated or if a new
order of suspension is not issued, the certificate of authority shall be
deemed to have terminated as of the end of the suspension period.
    (4)  Upon reinstatement of the insurer's certificate of authority, the
authority of its agents in this state to represent the insurer shall likewise
reinstate. The director shall promptly notify the insurer and its agents in
this state of record in the department, of such reinstatement. If pursuant to
section 41-328(3), Idaho Code, the director has published notice of such
suspension he shall in like manner publish notice of the reinstatement.