Idaho § 41-2869 PURPOSE

Idaho Statutes

§ 41-2869 — PURPOSE

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

The purpose of sections 41-2870 through 41-2871, 41-2839 (4)(c), and 41-804 (3), Idaho Code, is to authorize insurance companies to utilize modern systems for holding and transferring securities without physical delivery of securities certificates, subject to appropriate regulations by the director of the department of insurance for safeguarding the assets and facilitating the director’s examination of the insurance company’s financial condition.

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The purpose of sections 41-2870 through 41-2871, 41-2839 (4)(c), and 41-804 (3), Idaho Code, is to authorize insurance companies to utilize modern systems for holding and transferring securities without physical delivery of securities certificates, subject to appropriate regulations by the director of the department of insurance for safeguarding the assets and facilitating the director’s examination of the insurance company’s financial condition.

Idaho § 41-2869 (PURPOSE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.