Idaho § 41-3424 RECORDS AND ACCOUNTS

Idaho Statutes

§ 41-3424 — RECORDS AND ACCOUNTS

Idaho § 41-3424

Title 41INSURANCE

Ch. 34HOSPITAL AND PROFESSIONAL SERVICE CORPORATIONS

This text of Idaho § 41-3424 (RECORDS AND ACCOUNTS) 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 § 41-3424 (2026).

Text

(1)Every service corporation shall establish and maintain complete and accurate records and accounts covering its transactions and affairs, in accordance with common and accepted principles and practices of insurance accounting and recordkeeping as applied to the business of the corporation.

(2)Among other records, the corporation shall establish a separate record of each claim received for benefits under a subscriber’s contract, whether such claim is for service or for indemnity. Such claim record shall contain such information as is reasonably necessary for determination of:

(a)The identity of the claimant;

(b)The nature of the claim;

(c)The probable amount to be paid by the corporation on account of the claim;

(d)Amounts actually paid by the corporation on account of the claim.

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(1) Every service corporation shall establish and maintain complete and accurate records and accounts covering its transactions and affairs, in accordance with common and accepted principles and practices of insurance accounting and recordkeeping as applied to the business of the corporation.
(2) Among other records, the corporation shall establish a separate record of each claim received for benefits under a subscriber’s contract, whether such claim is for service or for indemnity. Such claim record shall contain such information as is reasonably necessary for determination of:
(a) The identity of the claimant;
(b) The nature of the claim;
(c) The probable amount to be paid by the corporation on account of the claim;
(d) Amounts actually paid by the corporation on account of the claim.