Idaho Code
Chapter 12 - UNAUTHORIZED INSURERS AND SURPLUS LINES
Section 41-1222 - LIABILITY OF INSURER AS TO LOSSES AND UNEARNED PREMIUMS.

41-1222. LIABILITY OF INSURER AS TO LOSSES AND UNEARNED PREMIUMS. (1) As to a surplus line risk which has been assumed by an unauthorized insurer pursuant to this surplus line insurance law, and if the premium thereon has been received by the surplus line broker who placed such insurance, in all questions thereafter arising under the coverage as between the insurer and the insured the insurer shall be deemed to have received the premium due to it for such coverage; and the insurer shall be liable to the insured as to losses covered by such insurance, and for unearned premiums which may become payable to the insured upon cancelation of such insurance, whether or not in fact the broker is indebted to the insurer with respect to such insurance or for any other cause.
(2) Each unauthorized insurer assuming a surplus line direct risk under this surplus lines insurance law shall be deemed thereby to have subjected itself to the terms of this section.

History:
[41-1222, added 1961, ch. 330, sec. 266, p. 645.]

Structure Idaho Code

Idaho Code

Title 41 - INSURANCE

Chapter 12 - UNAUTHORIZED INSURERS AND SURPLUS LINES

Section 41-1201 - REPRESENTING OR AIDING UNAUTHORIZED INSURER PROHIBITED.

Section 41-1202 - REPRESENTING OR AIDING UNAUTHORIZED INSURER PROHIBITED — PENALTY.

Section 41-1203 - SUITS BY UNAUTHORIZED INSURER PROHIBITED.

Section 41-1204 - UNAUTHORIZED INSURERS PROCESS ACT — TITLE — INTERPRETATION.

Section 41-1205 - PURPOSE OF PROCESS ACT.

Section 41-1206 - ACTS CONSTITUTING DIRECTOR AS PROCESS AGENT.

Section 41-1207 - HOW PROCESS IS SERVED — DEFAULT JUDGMENT.

Section 41-1208 - DEFENSE OF ACTION BY UNAUTHORIZED INSURER.

Section 41-1209 - UNAUTHORIZED INSURER FAILING TO PAY CLAIM — ATTORNEY FEES.

Section 41-1210 - EXEMPTIONS FROM PROCESS ACT.

Section 41-1211 - SURPLUS LINE LAW — SHORT TITLE — PURPOSE.

Section 41-1212 - EXEMPTIONS FROM SURPLUS LINE LAW.

Section 41-1213 - DEFINITIONS.

Section 41-1214 - CONDITIONS FOR EXPORT.

Section 41-1215 - BROKER’S AFFIDAVIT.

Section 41-1216 - OPEN LINES FOR EXPORT.

Section 41-1217 - ELIGIBLE SURPLUS LINES INSURERS.

Section 41-1218 - ELIGIBLE SURPLUS LINE INSURERS — PENALTY FOR VIOLATION.

Section 41-1219 - EVIDENCE OF THE INSURANCE — CHANGES — PENALTY.

Section 41-1220 - ENDORSEMENT OF CONTRACT.

Section 41-1221 - SURPLUS LINE INSURANCE VALID.

Section 41-1222 - LIABILITY OF INSURER AS TO LOSSES AND UNEARNED PREMIUMS.

Section 41-1223 - LICENSING OF SURPLUS LINE BROKERS.

Section 41-1224 - SUSPENSION OR REVOCATION OF BROKER’S LICENSE.

Section 41-1226 - ACCEPTANCE OF BUSINESS FROM AGENTS.

Section 41-1227 - RECORDS OF BROKER.

Section 41-1228 - ANNUAL REPORT OF BROKER.

Section 41-1229 - TAX ON SURPLUS LINES.

Section 41-1230 - FAILURE TO FILE REPORT OR REMIT TAX — PENALTY.

Section 41-1231 - LEGAL PROCESS AGAINST SURPLUS LINE INSURER.

Section 41-1232 - RULES AND REGULATIONS.

Section 41-1233 - REPORT AND TAX OF INDEPENDENTLY PROCURED COVERAGES.

Section 41-1234 - RECORDS OF INSUREDS.

Section 41-1235 - FALSE ADVERTISING ACT.

Section 41-1236 - MISREPRESENTATION BY UNAUTHORIZED INSURER.

Section 41-1237 - MISREPRESENTATION — ACTION AND PENALTIES.