Idaho Statutes

§ 41-323 — WHAT CERTIFICATE EVIDENCES — OWNERSHIP OF CERTIFICATE

Idaho·Title 41 INSURANCE·Ch. 3 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
(1)An insurer’s subsisting certificate of authority is evidence of its authority to transact in this state the kind or kinds of insurance specified therein, either as direct insurer or as reinsurer or as both.
(2)Although issued to the insurer the certificate of authority is at all times the property of the state of Idaho. Upon any expiration, suspension, or termination thereof the insurer shall promptly deliver the certificate of authority to the director.

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Legislative History

[41-323, added 1961, ch. 330, sec. 86, p. 645.]

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