Idaho § 41-5209 - Notice of intent to operate as a risk-assuming carrier or a reinsuring carrier
Full text of Idaho Idaho Statutes § 41-5209 — Notice of intent to operate as a risk-assuming carrier or a reinsuring carrier, with citation guidance and answers to common questions.
§ 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.
[41-5209, added 1994, ch. 427, sec. 1, p. 1346.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-5209
What does Idaho Statutes § 41-5209 cover?
Section 41-5209 ("Notice of intent to operate as a risk-assuming carrier or a reinsuring carrier") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-5209?
A common citation format is "Idaho Statutes § 41-5209" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-5209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.