Idaho Insurance Administrators producing Unaudited Financial Statements are required under House Bill 420 Section 41-911-2(e)(iii) to file a Idaho Insurance Administrator Unaudited Financial Statement Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Idaho Insurance Administrator Unaudited Financial Statement Bond holds you accountable for your business decisions.
By possessing an Idaho Insurance Administrator Unaudited Financial Statement Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.