2005 Idaho Code - 41-5209 — NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR A REINSURING CARRIER

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 52
                 INDIVIDUAL HEALTH INSURANCE AVAILABILITY ACT
    41-5209.  NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR A
REINSURING CARRIER. (1) (a) Each individual carrier shall notify the director
within thirty (30) days of the effective date of this chapter of the carrier's
intention to operate as a risk-assuming carrier or a reinsuring carrier. An
individual carrier seeking to operate as a risk-assuming carrier shall make an
application pursuant to the provisions of section 41-5210, Idaho Code.
    (b)  The decision shall be binding for a five (5) year period except that
    the initial decision shall be binding for two (2) years. The director may
    permit a carrier to modify its decision at any time for good cause shown.
    (c)  The director shall establish an application process for individual
    carriers seeking to change their status under the provisions of this
    subsection.
    (2)  A reinsuring carrier that applies and is approved to operate as a
risk-assuming carrier shall not be permitted to continue to reinsure any
health benefit plan with the program. Such a carrier shall pay a prorated
assessment based upon business issued as a reinsuring carrier for any portion
of the year that the business was reinsured.