Idaho § 41-331 IMPAIRED INSURERS — LIABILITY OF OFFICERS

Idaho Statutes

§ 41-331 — IMPAIRED INSURERS — LIABILITY OF OFFICERS

Idaho·Title 41 INSURANCE·Ch. 3 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

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.

Idaho § 41-331 (IMPAIRED INSURERS — LIABILITY OF OFFICERS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.