TITLE 41

INSURANCE

CHAPTER 25

CASUALTY INSURANCE CONTRACTS

41-2509.  Cancellations and nonrenewal — Exceptions to. Nothing contained in sections 41-2506 through 41-2512 of this act shall be construed to prevent the cancellation or nonrenewal of any such insurance where:

(1)  Cancellation or nonrenewal is ordered under or in connection with a statutory delinquency proceeding commenced against the insurer under chapter 33 (rehabilitations and liquidations), Idaho Code, or

(2)  Cancellation or nonrenewal has been consented to by the director on a showing that continuation of such insurance can reasonably be expected to create a condition in the insurer hazardous to its policyholders, or to its creditors, or to its members, subscribers, or stockholders, or to the public.

History:

[I.C., sec. 41-2509, as added by 1969, ch. 214, sec. 62, p. 625.]