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

Idaho Statutes

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

Idaho § 69-241

Title 69WAREHOUSES

Ch. 2BONDED WAREHOUSE LAW

This text of Idaho § 69-241 (INSURANCE — CANCELLATION PROCEDURE — SUSPENSION OF LICENSE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 69-241 (2026).

Text

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.

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.]