2005 Idaho Code - 41-902 — WRITTEN AGREEMENT -- MAINTENANCE OF RECORDS

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 9
                           INSURANCE ADMINISTRATORS
    41-902.  WRITTEN AGREEMENT -- MAINTENANCE OF RECORDS. (1) No person may
act as an administrator without a written agreement between such person as
administrator and an authorized insurer. Such written agreement shall be
retained as part of the official records of both the insurer and the
administrator for the duration of the agreement and for six (6) years
thereafter.
    (2)  A copy of the agreement shall be filed with the director and shall be
subject to disclosure according to chapter 3, title 9, Idaho Code.
    (3)  The written agreement shall contain provisions which include the
requirements of sections 41-904 through 41-911, Idaho Code, except as those
requirements do not apply to the functions performed by the administrator.
    (4)  If a policy is issued to a trustee or trustees, a copy of the trust
agreement and any amendments to such agreement shall be furnished to the
insurer by the administrator and shall be retained as part of the official
records of both the insurer and the administrator for the duration of the
policy and for six (6) years thereafter.