TITLE 41

INSURANCE

CHAPTER 26

SURETY INSURANCE CONTRACTS

41-2603.  Justification of surety — Director’s certificate as evidence. (1) The director is authorized to issue to any person applying therefor, a certificate showing that any surety insurer that has complied with the laws of the state of Idaho is qualified to do a surety business in this state, and stating the general terms of the risks authorized to be so written.

(2)  Any such certificate or any certified copy of any uncanceled certificate, shall be received in evidence as a sufficient justification of such surety and its authority to do business in this state: provided, however, that the certificate of the county recorder to any such certified copy, or any certificate furnished directly by the director to an applicant therefor, must bear a date the same as, or later than the date of the bond, undertaking or obligation upon which justification is being made.

History:

[41-2603, added 1961, ch. 330, sec. 556, p. 645.]