41-909. NOTICE TO COVERED INDIVIDUALS — DISCLOSURE OF CHARGES AND FEES. (1) Where the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer to covered individuals advising them of the identity of and relationship among the administrator, the policyholder and the insurer.
(2) Where an administrator collects funds, the reason for collection of each item shall be identified to the insured party and each item shall be shown separately from any premium. Additional charges may not be made for services to the extent the services have been paid for by the insurer.
(3) The administrator shall disclose to the insurer all charges, fees and commissions received from all services in connection with the provision of administrative services for the insurer, including any fees or commissions paid by insurers providing reinsurance.
History:
[41-909, added 2010, ch. 31, sec. 2, p. 54.]
Structure Idaho Code
Chapter 9 - INSURANCE ADMINISTRATORS
Section 41-902 - WRITTEN AGREEMENT NECESSARY.
Section 41-903 - PAYMENT TO ADMINISTRATOR.
Section 41-904 - MAINTENANCE OF INFORMATION.
Section 41-905 - ADVERTISING — APPROVAL.
Section 41-906 - PREMIUM COLLECTION AND PAYMENT OF CLAIMS.
Section 41-907 - DELIVERY OF MATERIALS TO COVERED INDIVIDUALS.
Section 41-908 - COMPENSATION TO THE ADMINISTRATOR.
Section 41-909 - NOTICE TO COVERED INDIVIDUALS — DISCLOSURE OF CHARGES AND FEES.
Section 41-910 - REGISTRATION REQUIREMENT.
Section 41-911 - HOME STATE LICENSE.
Section 41-912 - NONRESIDENT ADMINISTRATOR LICENSE.
Section 41-913 - EXPIRATION AND RENEWAL OF ADMINISTRATOR LICENSE.
Section 41-914 - ANNUAL REPORT.
Section 41-915 - GROUNDS FOR DENIAL, SUSPENSION OR REVOCATION OF LICENSE.