Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.04.13 - THE INDIVIDUAL HEALTH INSURANCE AVAILABILITY ACT
Section 18.04.13.012 - ASSESSMENTS

Universal Citation: ID Admin Code 18.04.13.012
Current through August 31, 2023

The Board, prior to March 1st of each year, determines and files with the Director an estimate of the assessments needed to fund the losses incurred by the Idaho Small Employer and Individual Health Reinsurance Program. The March 1, 2001 assessment anticipated by Section 41-4711, Idaho Code, will consist of the amounts needed to cover the claims cost of the individual policies issued on or before June 30, 2000. This interim assessment is based on the assessment formula set forth in Section 41-4711(12)(c), Idaho Code. Initial or interim assessments paid, on behalf of the Idaho Individual High Risk Reinsurance Pool, will be credited to each carrier's account when the amounts needed to fund losses and pay program expenses are known. (3-31-22)

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