41-306. EXCEPTIONS TO CERTIFICATE OF AUTHORITY REQUIREMENT. A certificate of authority and application therefor pursuant to section 41-319, Idaho Code, shall not be required of an insurer with respect to the following:
(1) Investigation, settlement, or litigation of claims under its policies lawfully written in this state, or liquidation of assets and liabilities of the insurer (other than collection of new premiums), all as resulting from its former authorized operations in this state.
(2) Transactions thereunder subsequent to issuance of a policy covering only subjects of insurance not resident, located or expressly to be performed in this state at time of issuance, and lawfully solicited, written and delivered outside this state.
(3) Transactions pursuant to surplus lines coverages lawfully written under chapter 12, title 41, Idaho Code.
(4) Reinsurance, when transacted by an insurer duly authorized by its state of domicile to transact the kind of insurance involved.
(5) The continuation and servicing of life insurance or disability insurance policies or annuity contracts remaining in force as to residents of this state if the insurer has withdrawn from the state and is not transacting new insurance therein.
(6) A foreign insurer licensed and authorized to sell individual or group accident and sickness insurance in another state as defined pursuant to section 41-306A, Idaho Code, and the insurer obtains a certificate of authority pursuant to that section.
History:
[41-306, added 1961, ch. 330, sec. 69, p. 645; am. 2018, ch. 166, sec. 1, p. 339.]
Structure Idaho Code
Chapter 3 - AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Section 41-301 - “STOCK” INSURER DEFINED.
Section 41-302 - “MUTUAL” INSURER DEFINED.
Section 41-302A - “DEPOSIT GUARANTEE” CORPORATION DEFINED.
Section 41-303 - “RECIPROCAL” INSURER DEFINED.
Section 41-304 - “CHARTER” DEFINED.
Section 41-305 - CERTIFICATE OF AUTHORITY REQUIRED.
Section 41-306 - EXCEPTIONS TO CERTIFICATE OF AUTHORITY REQUIREMENT.
Section 41-306A - INTERSTATE INSURANCE SALES.
Section 41-307 - AUTHORIZATION FOR INVESTMENT PURPOSES ONLY.
Section 41-308 - GENERAL ELIGIBILITY FOR CERTIFICATE OF AUTHORITY.
Section 41-309 - GOVERNMENT-OWNED INSURERS NOT TO BE AUTHORIZED.
Section 41-310 - PAYMENT OF BACK TAXES.
Section 41-311 - NAME OF INSURER.
Section 41-312 - COMBINATIONS OF INSURING POWERS — ONE INSURER.
Section 41-313 - CAPITAL FUNDS REQUIRED — FOREIGN INSURERS AND NEW DOMESTIC INSURERS.
Section 41-313A - DOMESTIC RECIPROCAL INSURERS WITH FEWER THAN SEVEN SUBSCRIBERS.
Section 41-315 - PERMISSIBLE INSURING COMBINATIONS WITHOUT ADDITIONAL CAPITAL FUNDS.
Section 41-316 - DEPOSIT — FOREIGN OR ALIEN INSURERS.
Section 41-316A - DEPOSIT — GENERAL REQUIREMENT — DOMESTIC INSURERS.
Section 41-318 - COOPERATION WITH THE DEPARTMENT OF HEALTH AND WELFARE.
Section 41-319 - APPLICATION FOR CERTIFICATE OF AUTHORITY.
Section 41-320 - CONSIDERATION OF APPLICATION.
Section 41-322 - ISSUANCE OR REFUSAL OF CERTIFICATE OF AUTHORITY.
Section 41-322A - CERTIFICATES OF AUTHORITY FOR DEPOSIT GUARANTEE CORPORATIONS.
Section 41-323 - WHAT CERTIFICATE EVIDENCES — OWNERSHIP OF CERTIFICATE.
Section 41-324 - CONTINUANCE, EXPIRATION, OR REINSTATEMENT OF CERTIFICATE OF AUTHORITY.
Section 41-325 - AMENDMENT OF CERTIFICATE OF AUTHORITY.
Section 41-326 - SUSPENSION OR REVOCATION OF CERTIFICATE OF AUTHORITY — MANDATORY GROUNDS.
Section 41-330 - IMPAIRED INSURERS — NOTICE TO AGENTS — PENALTY.
Section 41-331 - IMPAIRED INSURERS — LIABILITY OF OFFICERS.
Section 41-333 - DIRECTOR AS PROCESS AGENT FOR FOREIGN INSURERS AND DOMESTIC RECIPROCAL INSURERS.
Section 41-334 - SERVING PROCESS — TIME TO PLEAD.
Section 41-335 - ANNUAL STATEMENT.
Section 41-336 - REVIEW OF ANNUAL STATEMENT — ADDITIONAL INFORMATION.
Section 41-337 - RESIDENT AGENT, COUNTERSIGNATURE LAW.
Section 41-338 - EXCEPTIONS TO RESIDENT AGENT, COUNTERSIGNATURE LAW.
Section 41-340 - RETALIATORY PROVISION.
Section 41-342 - REDOMESTICATION AS A DOMESTIC INSURER — CONVERSION TO FOREIGN INSURER.
Section 41-343 - ARTICLES OF REDOMESTICATION.
Section 41-344 - EFFECTIVE DATE OF REDOMESTICATION.
Section 41-346 - ACQUISITIONS AND DISPOSITIONS OF ASSETS.
Section 41-347 - NONRENEWALS, CANCELLATIONS OR REVISIONS OF CEDED REINSURANCE AGREEMENTS.