Idaho Statutes
§ 41-2928 — SUBSCRIBERS’ SHARE IN ASSETS
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in section 41-2916 of this chapter, and the return of any unused premium, savings, or credits then standing on subscribers’ accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the director may approve.
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Legislative History
[41-2928, added 1961, ch. 330, sec. 655, p. 645.]
Nearby Sections
15
§ 41-1001
PURPOSE AND SCOPE§ 41-1002
TERMS CONSTRUED§ 41-1003
DEFINITIONS§ 41-1004
LICENSE REQUIRED§ 41-1005
EXCEPTIONS TO LICENSING§ 41-1006
APPLICATION FOR EXAMINATION§ 41-1007
APPLICATION FOR PRODUCER LICENSE§ 41-1008
PRODUCER LICENSE§ 41-1009
NONRESIDENT PRODUCER LICENSE§ 41-101
SHORT TITLE§ 41-1011
ISSUANCE — REFUSAL OF LICENSE§ 41-1012
EXEMPTION FROM EXAMINATION§ 41-1014
ASSUMED NAMES