Idaho § 41-2824 FORMATION OF MUTUALS — FAILURE TO QUALIFY

Idaho Statutes

§ 41-2824 — FORMATION OF MUTUALS — FAILURE TO QUALIFY

Idaho § 41-2824

Title 41INSURANCE

Ch. 28ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS

This text of Idaho § 41-2824 (FORMATION OF MUTUALS — FAILURE TO QUALIFY) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-2824 (2026).

Text

If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within one (1) year from and after date of its certificate of incorporation, the corporation shall transact no further business, and the director shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under section 41-2823.

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If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within one (1) year from and after date of its certificate of incorporation, the corporation shall transact no further business, and the director shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under section 41-2823.