Idaho § 41-909 NOTICE TO COVERED INDIVIDUALS — DISCLOSURE OF CHARGES AND FEES

Idaho Statutes

§ 41-909 — NOTICE TO COVERED INDIVIDUALS — DISCLOSURE OF CHARGES AND FEES

Idaho·Title 41 INSURANCE·Ch. 9 INSURANCE ADMINISTRATORS

(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 provid

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(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.

Idaho § 41-909 (NOTICE TO COVERED INDIVIDUALS — DISCLOSURE OF CHARGES AND FEES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.