Idaho § 41-5409 - Supplemental provisions - Rules - Exemption
Full text of Idaho Idaho Statutes § 41-5409 — Supplemental provisions - Rules - Exemption, with citation guidance and answers to common questions.
§ 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, domestic managed care organization or domestic health organization 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; or
(d) Is a managed care organization offering only a limited managed care plan, a hospital service corporation or a professional service corporation that covers less than two thousand (2,000) lives.
[41-5409, added 1996, ch. 96, sec. 1, p. 292; am. 2014, ch. 319, sec. 6, p. 791.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-5409
What does Idaho Statutes § 41-5409 cover?
Section 41-5409 ("Supplemental provisions - Rules - Exemption") 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 § 41-5409?
A common citation format is "Idaho Statutes § 41-5409" (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 § 41-5409 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.