41-4103. REGISTRATION REQUIRED — EXEMPTIONS — NOT SUBJECT TO INSURANCE CODE. (1) No joint public agency self-funded plan shall operate in this state except while registered with the director as hereinafter provided. Joint public agency self-funded plans already in operation as of July 1, 2006, shall so register within ninety (90) days of the effective date of this act.
(2) No registration shall be required of:
(a) Any plan established and maintained for the purpose of complying with any worker’s compensation law or unemployment compensation disability insurance law; or
(b) Any plan that is primarily for the purpose of providing first aid care and treatment, at a dispensary of an employer, for injury or sickness of employees while engaged in their employment.
(3) Plans while so registered shall not be deemed to be engaged in the business of insurance and shall not be subject to provisions of the Idaho insurance code except as expressly provided in this chapter.
(4) The plan shall provide to each employer participant and to each prospective employer participant a written notice stating that the plan is not insurance and does not participate in the state guaranty association.
History:
[41-4103, added 2006, ch. 415, sec. 1, p. 1272.]