Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.04.04 - THE MANAGED CARE REFORM ACT RULE
Section 18.04.04.011 - APPLICATION FOR CERTIFICATE OF AUTHORITY
Current through August 31, 2023
01. Certificate of Authority. Any person offering a managed care plan on a predetermined and prepaid basis is transacting the business of insurance and needs to be authorized under a Certificate of Authority issued by the Director of Insurance. (3-31-22)
02. Application Requirements. The application for a Certificate of Authority will include the affidavits, statements, and other information as enumerated in Idaho Code, Sections 41-319, 41-3904, 41-3905, and 41-3906. After receiving these completed documents, the Director has the authority to request any supplemental information before final approval or disapproval is given. (3-31-22)
03. Capital Surplus and Deposit Requirements. (3-31-22)
Enrolled Members |
Capital Funds |
0-100 |
$200,000 |
101-300 |
$300,000 |
301-500 |
$400,000 |
501-700 |
$500,000 |
701-1,000 |
$1,000,000 |
1,001-2,000 |
$1,500,000 |
2,001-3,000 |
$2,000,000 |
One year after the organization becomes subject to the Act |
$1,000,000 |
Two years after the date the organization becomes subject to the Act |
$1,500,000 |
Three years after the date the organization becomes subject to the Act |
$2,000,000 |