41-1416. PERIOD LICENSE EFFECTIVE — RENEWAL — FEE — SUSPENSION OR REVOCATION. (1) Licenses issued to rating organizations under section 41-1415, Idaho Code, shall remain in effect for one (1) year, unless sooner suspended or revoked by the director, and may be renewed for successive periods of one (1) year each upon application of the rating organization and payment in advance of the license fee.
(2) The fee for the license shall be in the amount set forth by rule pursuant to section 41-401, Idaho Code.
(3) The director may suspend or revoke the license if he finds, after a hearing thereon of which notice was duly given to the rating organization, that the rating organization no longer meets the requirements of section 41-1415, Idaho Code, or for failure to comply with the director’s order as provided in section 41-1432, Idaho Code.
History:
[41-1416, added 1961, ch. 330, sec. 321, p. 645; am. 2001, ch. 85, sec. 5, p. 214.]
Structure Idaho Code
Chapter 14 - PROPERTY INSURANCE RATES
Section 41-1401 - SCOPE OF CHAPTER.
Section 41-1402 - PURPOSE OF LAW — INTERPRETATION.
Section 41-1405 - RATE STANDARDS.
Section 41-1415 - RATING ORGANIZATIONS — LICENSING.
Section 41-1416 - PERIOD LICENSE EFFECTIVE — RENEWAL — FEE — SUSPENSION OR REVOCATION.
Section 41-1417 - ADMISSION OF SUBSCRIBERS — SERVICES NONDISCRIMINATORY.
Section 41-1420 - NOTICE OF RATING ORGANIZATION CHANGES.
Section 41-1421 - TECHNICAL SERVICES.
Section 41-1425 - ADVISORY ORGANIZATIONS.
Section 41-1426 - JOINT UNDERWRITING OR JOINT REINSURANCE.
Section 41-1428 - RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE.
Section 41-1429 - INTERCHANGE OF DATA — CONSULTATION.
Section 41-1430 - DISCLOSURE OF INFORMATION AND IMMUNITY.
Section 41-1431 - FALSE OR MISLEADING INFORMATION.
Section 41-1432 - PENALTIES FOR VIOLATIONS OR NONCOMPLIANCE.
Section 41-1433 - RULES AND REGULATIONS.
Section 41-1434 - HEARING PROCEDURE.
Section 41-1436 - DEFINITIONS.
Section 41-1437 - MAKING AND USE OF RATES.