Idaho Statutes

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

pecnv.out

TITLE 41
INSURANCE
CHAPTER 7
INVESTMENTS
41-735.  Miscellaneous investments. (1) An insurer may loan or invest its funds in kinds of loans or investments not otherwise specifically made eligible for investment and not specifically prohibited or made ineligible by this or other provisions of the Idaho Code in an aggregate amount not exceeding the lesser of ten percent (10%) of an insurer’s assets, or seventy-five percent (75%) of an insurer’s capital and surplus excluding surplus notes. Investments under this subsection are limited to five percent (5%) of an insurer’s assets in a single investment or in a single entity, its affiliates, and subsidiaries as defined by the first six (6) digits of the committee on uniform security identification procedures (CUSIP) number.
(2)  The insurer shall keep a separate record of all investments acquired under this section.

History:
[I.C., sec. 41-735, as added by 1975, ch. 207, sec. 2, p. 575; am. 1983, ch. 189, sec. 8, p. 514; am. 2019, ch. 112, sec. 3, p. 371.]


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