2005 Idaho Code - 41-4119 — LIQUIDATION OF TRUST FUND

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 41
              JOINT PUBLIC AGENCY SELF-FUNDED HEALTH CARE PLANS
    41-4119.  LIQUIDATION OF TRUST FUND. (1) Upon termination of registration
the trust fund of a joint public agency self-funded plan shall be liquidated.
    (2)  Liquidation of a solvent joint public agency self-funded plan shall
be conducted by its trustee under a plan of liquidation in writing filed with
the director, found by the director to be fair and equitable to all persons
having a pecuniary interest in the trust fund, and approved by him. Any
balance remaining after payment or adequate provision for all claims and
charges against the trust fund shall be disposed of in such manner as is
provided for in the plan of liquidation. Unless under the plan of liquidation
liability for all unpaid claims and obligations of the trust fund has been
assumed by other financially responsible person or persons, the existence of
surplus funds for such disposition shall not be determined prior to expiration
of two (2) years after termination of the registration.
    (3)  The liquidation of an insolvent joint public agency self-funded plan
shall be carried out by the director in accordance with chapter 33, title 41,
Idaho Code (supervision, rehabilitation and liquidation), and for this purpose
the joint public agency self-funded plan shall be deemed to be an insolvent
domestic insurer.