Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.04.13 - THE INDIVIDUAL HEALTH INSURANCE AVAILABILITY ACT
Section 18.04.13.010 - DEFINITIONS
Current through August 31, 2023
As used in this chapter: (3-31-22)
01. Geographic Area. Geographic areas are limited to six (6) designated areas, with no area being smaller than a county. (3-31-22)
02. Risk Characteristic. Risk Characteristic means the health status, claims experience, duration of coverage, or any similar characteristic related to the health status or claims experience of an individual. Such characteristics can include family composition. (3-31-22)
03. Risk Load. Risk Load means the percentage above the applicable base premium rate that is charged by an individual carrier to the rates of the eligible individual, to reflect the risk characteristics of the eligible individual. (3-31-22)
04. Idaho Resident. Idaho resident means a person who is able to provide satisfactory proof of having resided in Idaho, as their place of domicile for a continuous six (6) month period, for purposes of being an eligible individual pursuant to Section 41-5203(10), Idaho Code. The six (6) month residency requirements would be waived for eligible individuals based on the Health Insurance Portability and Accountability Act of 1996. (3-31-22)
