Idaho § 41-2809 INVESTIGATION OF PROPOSED ORGANIZATION

Idaho Statutes

§ 41-2809 — INVESTIGATION OF PROPOSED ORGANIZATION

Idaho·Title 41 INSURANCE·Ch. 28 ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS

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.

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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.

Idaho § 41-2809 (INVESTIGATION OF PROPOSED ORGANIZATION) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.