Print Friendly
Idaho Statutes
Idaho Statutes are updated to the website July 1 following the legislative session.
INSURANCE
CHAPTER 49
PETROLEUM CLEAN WATER TRUST FUND ACT
41-4925. Application for registration — Fee. (1) Application for registration of the trust fund shall be made to the director, on forms furnished and designed by him for the purpose of eliciting information as to whether the trust fund is qualified for registration. The application shall be signed and verified by the board.
(2) The application shall be accompanied by:
(a) A copy of the bylaws of the trust fund referred to in section 41-4927, Idaho Code;
(b) A copy of the proposed contract of insurance;
(c) A written plan of operation that outlines the reasonably projected income and disbursements of the trust fund for the twelve (12) month period commencing with date of application and showing also the amount reserved and financial resources available as of the end of such period for claims incurred and not paid or incurred and not reported;
(d) A current certified audited financial statement;
(e) Such other relevant documentation and information as the director may reasonably require.
(3) A nonrefundable filing fee of twenty-five dollars ($25.00) shall be paid to the director at the time the application is filed.
History: