Section 41-6207 – PROHIBITED ACTS.
41-6207. PROHIBITED ACTS. (1) A motor vehicle service contract provider may not use in its name, contracts or literature: (a) Any of the words "insurance," "casualty," "surety," "mutual" or any other words descriptive of the insurance, casualty or surety business; or (b) A name deceptively similar to the name or description of any insurance or […]
Section 41-6404 – CONTENTS OF CORPORATE GOVERNANCE ANNUAL DISCLOSURE.
41-6404. CONTENTS OF CORPORATE GOVERNANCE ANNUAL DISCLOSURE. (1) The insurer or insurance group shall have discretion over the responses to the CGAD inquiries, provided the CGAD shall contain the material information necessary to permit the director to gain an understanding of the insurer’s or group’s corporate governance structure, policies and practices including, without limitation, information […]
Section 41-6208 – RECORDKEEPING REQUIREMENTS.
41-6208. RECORDKEEPING REQUIREMENTS. (1) All motor vehicle service contract providers shall keep accurate accounts, books and records concerning transactions regulated under the provisions of this act. A motor vehicle service contract provider’s accounts, books and records shall include: (a) Copies of all motor vehicle service contracts issued; (b) The name and address of each motor […]
Section 41-6405 – CONFIDENTIALITY.
41-6405. CONFIDENTIALITY. (1) Documents, materials or other information, including the CGAD, in the possession or control of the department of insurance that are obtained by, created by or disclosed to the director or any other person under this chapter are recognized by this state as being proprietary and to contain trade secrets. All such documents, […]
Section 41-6209 – LICENSING.
41-6209. LICENSING. Motor vehicle service contract providers, and persons marketing, administering, selling or offering to sell motor vehicle service contracts for motor vehicle service contract providers, are not required to obtain a license under title 41, Idaho Code. A motor vehicle service contract provider shall not be subject to regulation under any provision of title […]
Section 41-6406 – NAIC AND THIRD-PARTY CONSULTANTS.
41-6406. NAIC AND THIRD-PARTY CONSULTANTS. (1) The director may retain third-party consultants not otherwise part of the director’s staff as may be reasonably necessary to assist the director in reviewing the CGAD and related information or the insurer’s compliance with this chapter. (2) Any persons retained under subsection (1) of this section shall be under […]
Section 41-6210 – GUARANTY.
41-6210. GUARANTY. The provisions of the Idaho insurance guaranty association act, chapter 36, title 41, Idaho Code, shall not apply to any motor vehicle service contract, mechanical breakdown insurance or motor vehicle service contract liability insurance policy, as defined in this chapter, and no claim under any motor vehicle service contract, mechanical breakdown insurance or […]
Section 41-6104 – ESTABLISHMENT OF THE EXCHANGE AND THE BOARD.
41-6104. ESTABLISHMENT OF THE EXCHANGE AND THE BOARD. (1) There is hereby created an independent body corporate and politic to be known as the "Idaho Health Insurance Exchange." Said exchange may exercise the authority and powers conferred by this chapter and such exercise shall be deemed and held to be the performance of an essential […]
Section 41-6105 – POWERS AND AUTHORITY OF THE EXCHANGE.
41-6105. POWERS AND AUTHORITY OF THE EXCHANGE. (1) Unless otherwise required by this chapter, in the discretion of the board, the exchange shall have the powers and authority to: (a) Perform all duties that are necessary and appropriate to implement a health insurance exchange and the provisions of this chapter; (b) Adopt bylaws for the […]
Section 41-6106 – REPORT.
41-6106. REPORT. (1) The exchange shall submit a written report of its activities and the condition of the exchange to the director, the governor and the director of the legislative services office for distribution to all legislators on or before January 31, 2014, and annually on or before each January 31 thereafter. The exchange shall […]