Idaho § 41-331 IMPAIRED INSURERS — LIABILITY OF OFFICERS

Idaho Statutes

§ 41-331 — IMPAIRED INSURERS — LIABILITY OF OFFICERS

Idaho § 41-331

Title 41INSURANCE

Ch. 3AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

This text of Idaho § 41-331 (IMPAIRED INSURERS — LIABILITY OF OFFICERS) 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 § 41-331 (2026).

Text

The president and each director of a stock insurer who, after knowing that the insurer’s capital is impaired, permits or assents in the writing of new business by the insurer in this state during the existence of such impairment, shall, together with their respective estates, be severally and jointly liable for the amount of any loss or losses which may be incurred by the insured under any such new insurance.

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The president and each director of a stock insurer who, after knowing that the insurer’s capital is impaired, permits or assents in the writing of new business by the insurer in this state during the existence of such impairment, shall, together with their respective estates, be severally and jointly liable for the amount of any loss or losses which may be incurred by the insured under any such new insurance.