Current through September 2, 2024
Section 18.01.02.020 - INSURER OR OTHER ENTITY ANNUAL CONTINUATION FEES01.Annual Continuation Fee. No later than March 1 each year, each insurer or other entity listed under Section 022, licensed, listed, or approved to do business in Idaho will pay an annual continuation fee ("ACF"). The ACF covers March through the following February. a. The ACF is charged at the time the insurer or other entity applies for admission.b. The ACF is the reinstatement fee referenced in Section 41-324(3), Idaho Code.c. The ACF provides for but is not limited to: renewal of the certificate of authority or license, or annual registration; all filings required of insurers or other entities not expressly subject to a fee; agent appointment and renewals; arson, fire, and fraud investigation costs or examination expenses, notwithstanding Subsection 020.01.d.d. The ACF does not provide for, or will not exempt the insurer or entity from: fees listed under Sections 030 and 040; penalties or fines levied by or payable to the Department; any express authority in Idaho Code that allows charges or expenses may be paid or reimbursed to the Department, such as for investigation, examination, engaging experts and consultants, or Attorney's costs incurred by the Department.02.Failure to Pay Fee. Failure to pay the ACF by March 1 each year will result in the expiration of the insurer's or other entity's authority to do business in Idaho pursuant to Section 41-324, Idaho Code.Idaho Admin. Code r. 18.01.02.020