What must a foreign insurer do to sell accident and sickness insurance in Idaho?

To sell accident and sickness insurance in Idaho, a foreign insurer must be licensed in another state and obtain a certificate of authority from the state of Idaho. This requirement ensures that the insurer meets certain regulatory standards and qualifications established by Idaho’s insurance department before it can operate within the state.

Being licensed in another state demonstrates that the insurer is already recognized as a legitimate business entity with the authority to provide insurance in that jurisdiction. The certificate of authority specifically allows the insurer to conduct business in Idaho, ensuring compliance with state laws and regulations protecting consumers. This framework helps maintain an orderly marketplace and provides a level of oversight for the state regarding the conduct and solvency of insurance providers operating within its borders.