Thank you for your interest in affiliation with the Idaho Surveying & Rating Bureau, Inc. Affiliation with the Bureau is open to all insurers doing property insurance business in Idaho. There is no state law that requires companies to affiliate with the Bureau. However, the Articles of Incorporation require that "All fire insurance companies or other authorized insurers affiliated with a member or subscriber under a common ownership, management or control must also be members or subscribers, as the case may be, if transacting an insurance business in or insuring property in the territory for which rating services are performed for the member or subscriber by the association."
The Bureau offers two types of affiliation:
Membership in the Bureau is limited to those companies with a certificate of authority issued by the Idaho Department of Insurance and doing property insurance business. Membership, according to the Bylaws, takes longer to process and is more difficult to resign, because members have a voice in the management of the Bureau. The member companies elect the Board of Directors and only employees of the member companies can be elected as Directors.
Subscribers in the Bureau is open to all companies doing property insurance business in Idaho. Subscribing companies do not have a voice in the management of the Bureau.
Services provided and the assessment charges are identical regardless of the type of affiliation. The Bureau operates on an assessment basis, with the assessment ratios recalculated on a quarterly basis. Each quarterly assessment collects the next quarter's budget amount. The minimum assessment is $750 per quarter.
To begin the affiliation process, download the Affiliation Application, complete this form and return it to Edna Garza. Based on the type of affiliation you elected in the application download either the Membership Agreement or the Subscribership Agreement, complete this form and return it to Edna Garza. Once we receive the forms we will send them back for a signature by an Executive Officer of the applicant company using DocuSign. They are then signed by the Secretary or Assistant Secretary of the Bureau. A copy of the documents along with your affiliation certificate are then returned to you for your records. Another copy is filed with the Idaho Department of Insurance. The Bureau will also keep a copy for our records.
The Articles of Incorporation, Bylaws & Operation Rules are available to be down loaded.
If you have any question, please contact Edna Garza or phone 208.343.5483 x 24.