Idaho Code
Idaho Code

Idaho Code § 41-1405 (2026)

Rate standards. 

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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Rate standards. 

(1) Rates shall not be excessive, inadequate or unfairly discriminatory.

(2)  No rate shall be held to be excessive unless the director finds that:
(a)  Such rate is unreasonably high for the insurance provided, and
(b)  A reasonable degree of competition does not exist in Idaho with respect to the classification to which the rate is applicable.
(3)  No rate shall be held to be inadequate unless the director finds that:
(a)  Such rate is unreasonably low for the insurance provided and the continued use of such rate endangers the solvency of the insurer using the same, or
(b)  Such rate is unreasonably low for the insurance provided and the use of such rate by the insurer using the same has, or if continued will have, the effect of destroying competition or creating a monopoly.
(4)  Neither of such findings shall be made by the director except after a hearing on reasonable notice.
(5)  Nothing contained in this chapter shall be construed to repeal or modify the provisions of chapter 13, title 41 (trade practices and frauds), Idaho Code, and any rate, rating classification, rating plan or schedule, or variation thereof, established in violation of any of such provisions shall, in addition to the consequences stated in such chapter or elsewhere, be deemed a violation of this section.
Notes of Decisions
Cited in 2 cases, 1976–2012 · leading case: Jones v. State Bd. of Med., 555 P.2d 399 (Idaho 1976).
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Jones v. State Bd. of Med., 555 P.2d 399 (Idaho 1976). · cites it 2× “The formation of that association was contingent upon a finding by the Director of the Department of Insurance that medical malpractice insurance was unavailable under the standards of I.C. § 41-1405 in a voluntary market. - I.”
Anthem Health Plans of Maine, Inc. v. Superintendent of Ins., 2012 ME 21, 40 A.3d 380. “§ 18502 (c) (2011); Idaho Code Ann. § 41-1405 (3) (2011); La.”
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