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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Idaho Statutes Title 41. Insurance § 41-909. Notice to covered individuals--Disclosure of charges and fees - last updated January 01, 2024 | https://codes.findlaw.com/id/title-41-insurance/id-st-sect-41-909/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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