State Codes and Statutes
Statutes > Idaho > Title41 > T41ch12 > T41ch12sect41-1214INSURANCE
CHAPTER 12
UNAUTHORIZED INSURERS AND SURPLUS LINES
41-1214. Conditions for export. If certain insurance coverages cannot be procured from authorized insurers, such coverages, hereinafter designated "surplus lines," may be procured from unauthorized insurers, subject to the following conditions:
(1) The insurance must be procured through a licensed surplus line broker who is a member of a surplus line association approved by the director.
(2) The full amount or kind of insurance required must not be procurable from insurers who are authorized to do business in this state. The amount of insurance exported shall be only the excess over the amount procurable from authorized insurers unless the excess is not available without support of other coverages, provided that a diligent search is made among the insurers authorized to transact and actually writing that particular kind and class of insurance in this state.
(3) The insurance must not be so exported for the purpose of securing advantages either as to:
(a) A lower premium rate than would be accepted by an authorized insurer; or
(b) Terms of the insurance contract.
