41-5101 Short Title
41-5102 Definitions
41-5103 Licensure
41-5104 Required Contract Provisions — Reinsurance Intermediary — Brokers
41-5105 Books and Records — Reinsurance Intermediary Brokers
41-5106 Duties of Insurers Utilizing the Services of a Reinsurance Intermediary — Broker
41-5107 Required Contract Provisions — Reinsurance Intermediary — Managers
41-5108 Prohibited Acts
41-5109 Duties of Reinsurers Utilizing the Services of a Reinsurance Intermediary — Manager
41-5110 Examination Authority
41-5111 Penalties and Liabilities

Terms Used In Idaho Code > Title 41 > Chapter 51 - Reinsurance Intermediary Act

  • Actuary: means a person who is a member in good standing of the American academy of actuaries. See Idaho Code 41-5102
  • Contract: A legal written agreement that becomes binding when signed.
  • Controlling person: means any person, firm, association or corporation who directly or indirectly has the power to direct or cause to be directed, the management, control or activities of the reinsurance intermediary. See Idaho Code 41-5102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Insurer: means any person, firm, association or corporation duly licensed in this state pursuant to the applicable provisions of the insurance law as an insurer. See Idaho Code 41-5102
  • Licensed producer: means an agent, broker or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law. See Idaho Code 41-5102
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Reinsurance intermediary: means a reinsurance intermediary-broker, or a reinsurance intermediary-manager as these terms are defined in subsections (7) and (8) of this section. See Idaho Code 41-5102
  • Reinsurer: means any person, firm, association or corporation duly licensed or authorized to do business in this state pursuant to the applicable provisions of the insurance law as an insurer with the authority to assume reinsurance. See Idaho Code 41-5102
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • To be in violation: means that the reinsurance intermediary, insurer or reinsurer for whom the reinsurance intermediary was acting failed to substantially comply with the provision of this chapter. See Idaho Code 41-5102