2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 37 - IDAHO HOSPITAL LIABILITY TRUST ACT
Section 41-3708 - APPLICATION FOR REGISTRATION -- FEE.

41-3708. Application for registration -- Fee. (1) Application for registration of a hospital trust shall be made to the director, on forms furnished and designed by him for the purpose of eliciting information as to whether the trust is qualified for registration. The application shall be signed and verified by at least one (1) of the trustees. If the trustee is a corporation, the verification shall be by a duly authorized corporate officer.

(2) The application shall be accompanied by:

(a) A copy of the trust agreement under which the trust fund is to exist and operate;

(b) A copy of the proposed written statement referred to in subsection (3) of section 41-3707, Idaho Code;

(c) A written statement of reasonably projected income and disbursements of the trust fund for the twelve (12) month period commencing with date of application and showing also the amount reserved and financial resources available as of the end of such period for claims incurred and not paid or incurred and not reported;

(d) A current certified audited financial statement;

(e) Such other relevant documentation and information as the director may reasonably require.

(3) At time of filing the application, the applicant shall pay to the director a nonrefundable filing fee as provided for by regulation.

(4) The director shall transmit and account for all fees received by him hereunder as provided for in section 41-406, Idaho Code.

History:

[41-3708, added 1977, ch. 204, sec. 2, p. 560; am. 1984, ch. 23, sec. 10, p. 43.]