Idaho § 41-302 “MUTUAL” INSURER DEFINED

Idaho Statutes

§ 41-302 — “MUTUAL” INSURER DEFINED

Idaho § 41-302

Title 41INSURANCE

Ch. 3AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

This text of Idaho § 41-302 (“MUTUAL” INSURER DEFINED) 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 § 41-302 (2026).

Text

"Mutual" insurer defined. A "mutual" insurer is an incorporated insurer without capital stock and the governing body of which is elected by its policy holders. This definition shall not be deemed to exclude as "mutual" insurers certain foreign insurers found by the director to be organized on the mutual plan under the laws of their states of domicile, but having temporary share capital or providing for election of the insurer’s governing body on a reasonable basis by policy holders and others.

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"Mutual" insurer defined. A "mutual" insurer is an incorporated insurer without capital stock and the governing body of which is elected by its policy holders. This definition shall not be deemed to exclude as "mutual" insurers certain foreign insurers found by the director to be organized on the mutual plan under the laws of their states of domicile, but having temporary share capital or providing for election of the insurer’s governing body on a reasonable basis by policy holders and others.