Section I – Fees (Payable to the Idaho Department of Insurance)
Admission Fees - Certificate of Authority application fee (due at time of application):
Surplus less than $10,000,000
Surplus greater than $10,000,000
Surplus greater than $100,000,000 |
$1,000.00
$2,500.00
$4,500.00 |
Annual continuation fees (due on or before March 1):
SAME AS ABOVE
Other Fees:
Filing of Articles of Incorporation
Filing of Bylaws
Name Change
Redomestication
Addition/Deletion of Line of Business
Certificate of Deposit
Certificate of Compliance
Certificate of Valuation
Certified Certificate of Authority
Service of Process |
None
None
None
None
None
$20.00
$20.00
$20.00
$50.00
$30.00 |
Section II – Taxes
Premium Taxes:
Tax on Direct Premium Written in the State - due annually on March 1. Tax rate for calendar year 2011 and after is 1.5%.
Quarterly estimated tax payments is based on preceding year’s business at current year’s tax rate:
On or before June 15, sixty percent (60%)
On or before September 15, twenty percent (20%)
On or before December 15, fifteen percent (15%)
Retaliatory Provisions:
If any taxes in the aggregate, imposed on Idaho insurers exceeds those Idaho imposes on similar insurers organized under the
laws of another state, a retaliatory tax will result.
Section III – Deposits
General Deposit to operate in the State. (in place at time of application)
The MARKET VALUE of the deposit, for the benefit of ALL policyholders wherever located, must equal the minimum
requirement set forth above for the type of license indicated.
If you have questions or need assistance, please contact Carol Anderson at
Phone: (208) 334-4309
Fax: (208) 334-4398
Email
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