Idaho Code 41-4809 – Notice and Registration Requirements of Purchasing Groups
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(1) A purchasing group which intends to do business in this state shall furnish notice to the director which shall:
(a) Identify the state in which the group is domiciled;
(b) Specify the lines and classifications of liability insurance which the purchasing group intends to purchase;
(c) Identify the insurance company from which the group intends to purchase its insurance and the domicile of such company;
(d) Identify the principal place of business of the group; and
(e) Provide such other information as may be required by the director to verify that the purchasing group is qualified as defined in subsection (10) of section 41-4803, Idaho Code.
(2) The purchasing group shall register with and designate the director as its agent for the purpose of receiving service of legal documents or process, except that such requirements shall not apply in the case of a purchasing group:
(a) Which was domiciled before April 1, 1986, and is domiciled on and after October 27, 1986, in any state of the United States;
(b) Which before October 27, 1986, purchased insurance from an insurance carrier licensed in any state and since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state;
(c) Which was a purchasing group under the requirements of the product liability risk retention act of 1981 before October 27, 1986; and
(d) Which does not purchase insurance that was not authorized for purposes of an exemption under that act, as in effect before October 27, 1986.
Terms Used In Idaho Code 41-4809
- Director: means the director of the department of insurance of this state or the director, commissioner, or superintendent of the department of insurance of any other state. See Idaho Code 41-4803
- Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, or any other arrangement for shifting and distributing risk which is determined to be insurance under this code. See Idaho Code 41-4803
- Liability: means legal liability for damages, including costs of defense, legal costs and fees, and other claims expenses because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of any business whether profit or nonprofit, trade, product, services including professional services, premises, or operations, or arising out of any activity of any state or local government, or any agency or political subdivision thereof, but does not include personal risk liability or with the exception of an employer’s legal liability with respect to its employees under the federal employers’ liability act (45 U. See Idaho Code 41-4803
- Product liability: means liability for damages because of any personal injury, death, emotional harm, consequential economic damage or property damage (including damages resulting from the loss of use of property) arising out of the manufacture, design, importation, distribution, packaging, labeling, lease, or sale of a product, but does not include the liability of any person for those damages if the product involved was in the possession of such a person when the incident giving rise to the claim occurred. See Idaho Code 41-4803
- Purchasing group: means any group which:
Idaho Code 41-4803State: means any state of the United States or the District of Columbia. See Idaho Code 41-4803