ID H0477

Allows the director to waive the 25 times policyholders surplus limitation for mortgage guaranty insurance upon written request if the insurer complies with state of domicile requirements and maintains adequate surplus relative to aggregate insured risk

Director may retain outside experts to review waiver requests for exceeding the 25 times surplus limitation, with the insurer bearing all costs

Clarifies that insurers exceeding the aggregate risk liability limitation without a written director waiver must accept no new mortgage guaranty insurance risks until the excess is corrected

Corrects codifier errors and makes technical corrections to Section 41-2653 of Idaho Code, including changing "policyholder" references to "policyholders"

Maintains existing provisions allowing the director to suspend or revoke an insurer's certificate of authority for violations