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     Idaho Statutes

Idaho Statutes are updated to the website July 1 following the legislative session.

pecnv.out

TITLE 41
INSURANCE
CHAPTER 28
ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS
41-2809.  Investigation of proposed organization. Upon application of a new insurer for a certificate of authority, the director of the department of insurance shall promptly make an investigation of:
(1)  The character, reputation, financial standing and purposes of the organizers, incorporators, and subscribers organizing the proposed insurer or organization;
(2)  The character, financial responsibility, insurance experience, and business qualifications of its proposed officers and directors; and
(3)  Such other aspects of the proposed insurer or financing as he may deem advisable.

History:
[41-2809, added 1961, ch. 330, sec. 577, p. 645; am. 2003, ch. 103, sec. 4, p. 324.]


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