Idaho § 69-241 INSURANCE — CANCELLATION PROCEDURE — SUSPENSION OF LICENSE

Idaho Statutes

§ 69-241 — INSURANCE — CANCELLATION PROCEDURE — SUSPENSION OF LICENSE

Idaho·Title 69 WAREHOUSES·Ch. 2 BONDED WAREHOUSE LAW

With the existence of an effective policy of insurance as required by section 69-206 (1), Idaho Code, the insurance company involved shall be required to give ninety (90) days’ advance notice to the department by registered or certified mail, return receipt requested, of cancellation of the policy. In the event of any cancellation, the department shall immediately terminate the license of such person without a hearing, and the termination shall be in effect until satisfactory evidence of the existence of an effective policy of insurance complying with the requirements of this chapter has been submitted to the department.

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With the existence of an effective policy of insurance as required by section 69-206 (1), Idaho Code, the insurance company involved shall be required to give ninety (90) days’ advance notice to the department by registered or certified mail, return receipt requested, of cancellation of the policy. In the event of any cancellation, the department shall immediately terminate the license of such person without a hearing, and the termination shall be in effect until satisfactory evidence of the existence of an effective policy of insurance complying with the requirements of this chapter has been submitted to the department.

Idaho § 69-241 (INSURANCE — CANCELLATION PROCEDURE — SUSPENSION OF LICENSE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

[69-241, added 1982, ch. 25, sec. 31, p. 47; am. 1983, ch. 44, sec. 14, p. 112; am. 1985, ch. 138, sec. 7, p. 381; am. 2002, ch. 259, sec. 29, p. 772.]