41-4709. NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR A REINSURING CARRIER. (1) (a) Each small employer 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. A small employer carrier seeking to operate as a risk-assuming carrier shall make an application pursuant to the provisions of section 41-4710, 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 small employer 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.
History:
[41-4709, added 1993, ch. 176, sec. 1, p. 446.]
Structure Idaho Code
Chapter 47 - SMALL EMPLOYER HEALTH INSURANCE AVAILABILITY ACT
Section 41-4701 - SHORT TITLE.
Section 41-4703 - DEFINITIONS.
Section 41-4704 - APPLICABILITY AND SCOPE.
Section 41-4705 - ESTABLISHMENT OF CLASSES OF BUSINESS.
Section 41-4706 - RESTRICTIONS RELATING TO PREMIUM RATES.
Section 41-4707 - RENEWABILITY OF COVERAGE.
Section 41-4708 - AVAILABILITY OF COVERAGE — PREEXISTING CONDITIONS — PORTABILITY.
Section 41-4708B - CONVERSION PLAN — WHEN REQUIRED.
Section 41-4709 - NOTICE OF INTENT TO OPERATE AS A RISK-ASSUMING CARRIER OR A REINSURING CARRIER.
Section 41-4710 - APPLICATION TO BECOME A RISK-ASSUMING CARRIER.
Section 41-4711 - SMALL EMPLOYER CARRIER REINSURANCE PROGRAM.
Section 41-4712 - SMALL EMPLOYER HEALTH BENEFIT PLANS.
Section 41-4713 - PERIODIC MARKET EVALUATION.