72-918 POLICIES AND PAYMENT OF PREMIUMS. - Idaho Statutes

TITLE 72

WORKER’S COMPENSATION AND RELATED LAWS -- INDUSTRIAL COMMISSION

CHAPTER 9

STATE INSURANCE FUND

72-918. Policies and payment of premiums. 1. Every employer insuring in the state insurance fund shall receive from the manager a contract or policy of insurance.

2. Except as otherwise provided in this chapter, all premiums shall be paid by every employer who elects to insure with the state insurance fund to the manager semi-annually, or at such times as may be prescribed by the manager. Receipts shall be given for such payments and the money shall be paid over to the state treasurer to the credit of the state insurance fund.

3. Premiums may be paid quarterly by public employers and deposits from public employers shall not be required in an amount in excess of the previous quarter’s earned payment.