Company Admissions & UCAAs

Idaho is a uniform state, utilizing the UCAA process available at: https://www.naic.org/industry_ucaa.htm

Idaho-Specific Requirements for the UCAA: Submit the following when you apply:

1. If applicable, explain any net losses reported on the income statement for the most recent or prior year. Include this explanation in the UCAA.
2. At least one policy form must be submitted via SERFF, see below.
3. Payment of the application fee is due at the time of application and is non-refundable, see below.
4. Additional information as specified by company type or kind of insurance may be required, see below.

Please be advised:

Eligibility/Seasoning: Applications are reviewed on a case-by-case basis. Emphasis is placed on the eligibility of the applying insurer over its group or affiliates. Eligibility is assessed based on Idaho Code § 41-308 which includes but is not limited to the consideration of: the length of time the insurer has been transacting insurance, and the net profit or loss experienced by the applicant in the previous 5 years.

Timelines: The review of a complete application can take up to 90-days. An application is considered complete when all required application parts and additional information are received by the Department in their final form. It is the responsibility of the applicant to compile and complete the application. It is also the responsibility of the applicant to manage timelines, providing the Department a sufficient period for review so that the applicant may obtain authority to meet any requirements established by other jurisdictions.

At least one policy form must be submitted with an application.

Policy forms and Rate filings can be made via the NAIC SERFF system, available here: https://www.serff.com/

The application fee is due at the time of application. The fee is non-refundable.

Fees are payable by check to the following address. Include the applicant’s identifying information with the check:

Idaho Department of Insurance
700 W. State St., 3rd Floor
P.O. Box 83720
Boise, Idaho 83720-0043

The amount of the application fee depends on the applicant’s surplus:

*Note: Annual continuation fees (due on or before March 1): are the same as above

Unless otherwise stipulated, insurers must maintain a custodial deposit for the benefit of all policyholders in the amount of $1,000,000. 

Certificates of deposit from other jurisdictions may be accepted. The market value of the deposit, no matter where it is held, must  equal or exceed $1,000,000 at all times and be held for the benefit of all policyholders.

Custodial Deposits may be invested in Certificates of Deposit (CD’s) issued by solvent banks, or any combination of the following eligible securities:

• Public Obligations
• Securities of certain Federal Agencies
• Irrigation District Obligations
• International Banks
• Corporate Obligations
• Equipment Trust Obligations
• Savings and Share Accounts

Workers’ Compensation:

Approval to write casualty, including workers’ compensation, is required from the Idaho Industrial Commission as well as the Department. It is the responsibility of the applicant to contact the Idaho Industrial Commission and ensure approval is done concurrently. Contact:

Idaho Industrial Commission
700 Clearwater Lane
Boise, ID 83712
Phone Number: (208) 334-6000
(A – L) Email: Alan Pace at alan.pace@iic.idaho.gov
(M – Z) Email: Chandra Tubbs at chandra.tubbs@iic.idaho.gov
Industrial Commission Website: https://iic.idaho.gov/

Managed Care Organizations (MCO’s):

In order to apply for admission as a managed care or limited managed care insurer it will be necessary to file the items listed below:

1. A statement describing the MCO, its health care plan or plans, facilities and personnel.
2. A copy of any contract made or to be made between the MCO and any provider.
3. A copy of any contract between the MCO and any of the company’s board of directors, board of trustees, if a corporation, and the partners or members if a partnership or association.
4. A copy of each form of health care contract proposed to be issued.
5. A description of the proposed method of marketing the plan.
6. A statement of geographic area or areas to be served.
7. A description of the grievance procedures as required under Idaho Code § 41-3918.
8. A description of the system and procedures for monitoring the quality of health care services as required by Idaho Code § 41-3905(6)(a).
9. A description of the mechanism by which members will be given an opportunity to participate in matters of policy and operation as required by Idaho Code § 41-3916.

Prescription Drug Plans (PDP’s):

PDP’s are risk-bearing entities. PDP’s seeking to offer prescription drug coverage under Medicare Part D to Idahoans are required to be licensed as Limited MCO’s under Idaho Code, Title 41, Chapter 39. The additional information required of an MCO, above, also apply to PDP’s.

In the event a PDP’s domicile state does not license PDP’s as insurers, a primary application to Idaho may be submitted.

Variable Product, Life and Annuities:

For authority to write variable life and/or annuity products it is necessary to send the following additional items:

1. A general description of the kinds of variable contracts the company intends to issue.
2. A copy of the statutes and regulations of the company’s state of domicile under which it is authorized to issue variable contracts.
3. A copy of all variable policies that the company intends to use in Idaho, filed in accordance with Idaho’s filing procedures.
4. A copy of each prospectus adopted by the company for use in conjunction with the sale of any variable contract offered for sale in this State.