2005 Idaho Code - 41-5409 — SUPPLEMENTAL PROVISIONS -- RULES -- EXEMPTION

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 54
                  RISK-BASED CAPITAL (RBC) FOR INSURERS ACT
    41-5409.  SUPPLEMENTAL PROVISIONS -- RULES -- EXEMPTION. (1) The
provisions of this chapter are supplemental to any other provisions of the
laws of this state, and shall not preclude or limit any other powers or duties
of the director under such laws, including, but not limited to, chapter 33,
title 41, Idaho Code, and rules adopted by the department of insurance
relating to the director's authority for companies deemed to be in hazardous
financial condition.
    (2)  The director may adopt reasonable rules necessary for the
implementation of this chapter in accordance with the provisions of chapter
52, title 67, Idaho Code.
    (3)  Upon written application, the director may exempt from compliance
with this chapter, for a specified period or periods, any domestic property
and casualty insurer which:
    (a)  Writes direct business only in this state; and
    (b)  Writes direct annual premiums of two million dollars ($2,000,000) or
    less; and
    (c)  Assumes no reinsurance in excess of five percent (5%) of direct
    premium written.