Idaho § 41-2918 FINANCIAL CONDITION — METHOD OF DETERMINING

Idaho Statutes

§ 41-2918 — FINANCIAL CONDITION — METHOD OF DETERMINING

Idaho § 41-2918

Title 41INSURANCE

Ch. 29RECIPROCAL INSURERS

This text of Idaho § 41-2918 (FINANCIAL CONDITION — METHOD OF DETERMINING) 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 § 41-2918 (2026).

Text

In determining the financial condition of a reciprocal insurer the director shall apply the following rules:

(1)He shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis.

(2)The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for ninety (90) days shall first be charged against such surplus deposit.

(3)The surplus deposits of subscribers shall not be charged as a liability.

(4)All premium deposits delinquent less than ninety (90) days shall be allowed as assets.

(5)An assessment levied upon subscribers, and not collected, shall not be allowed as an asset.

(6)The contingent liability of subscribers shall not be allowed as an asset.

(7)The computatio

Free access — add to your briefcase to read the full text and ask questions with AI

In determining the financial condition of a reciprocal insurer the director shall apply the following rules:
(1) He shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis.
(2) The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for ninety (90) days shall first be charged against such surplus deposit.
(3) The surplus deposits of subscribers shall not be charged as a liability.
(4) All premium deposits delinquent less than ninety (90) days shall be allowed as assets.
(5) An assessment levied upon subscribers, and not collected, shall not be allowed as an asset.
(6) The contingent liability of subscribers shall not be allowed as an asset.
(7) The computation of reserves shall be based upon premium deposits other than membership fees and without any deduction for expenses and the compensation of the attorney.

Legislative History

[41-2918, added 1961, ch. 330, sec. 645, p. 645; am. 1979, ch. 318, sec. 3, p. 855; am. 1995, ch. 96, sec. 7, p. 278; am. 2005, ch. 72, sec. 1, p. 248.]