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ID H0431
Bill
AI Summary
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Title insurance agents may be examined by the director on compliance with Idaho Code title 41 and related rules, with examinations limited to no more than every five years unless the agent requests otherwise or cause exists.
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The director must prepare an examination report following each examination and provide it to the title agent for review and comment within 28 days; the examination report becomes a public record unless a hearing is requested under chapter 2, title 41, Idaho Code.
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Title agent responses affirmatively designated as public by the agency become nonexempt public records, while working papers and other examination records remain exempt unless needed in a proceeding under chapter 2, title 41, Idaho Code.
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Annual and quarterly reports filed by self-funded plans under sections 41-4011 and 41-4111 are designated as public records available to the public, notwithstanding other exemptions from disclosure.
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Technical corrections are made throughout, including changing "indorsed" to "endorsed," "Wilfully" to "Willfully," and "regulations" to "rules" for proper terminology.
Legislative Description
Amends existing law relating to insurance records to clarify that title agents may be examined on certain issues, to provide that the director prepare an examination report, to provide that title agent examination reports and any response designated as public by the title agent are nonexempt public records; and to provide that certain annual and quarterly reports are public records available to the public.
DEPARTMENT OF INSURANCE
Last Action
Governor signed Session Law Chapter 96 Effective: 07/01/10
3/25/2010