Idaho § 41-3428 JOINT OPERATIONS

Idaho Statutes

§ 41-3428 — JOINT OPERATIONS

Idaho § 41-3428

Title 41INSURANCE

Ch. 34HOSPITAL AND PROFESSIONAL SERVICE CORPORATIONS

This text of Idaho § 41-3428 (JOINT OPERATIONS) 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 § 41-3428 (2026).

Text

(1)A hospital service corporation and a professional service corporation may operate under joint management for the purpose of reducing operating costs.

(2)Separate records and accounts shall be kept for each such corporation, and the funds and assets of one shall not be commingled with those of the other; except that funds received from a joint billing to subscribers may be deposited in a common bank account for purposes of collection, if the records of each corporation at all times show the amount of such funds belonging to each and if final distribution of the funds is made to each corporation within thirty (30) days from receipt of payment of such joint billing.

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(1) A hospital service corporation and a professional service corporation may operate under joint management for the purpose of reducing operating costs.
(2) Separate records and accounts shall be kept for each such corporation, and the funds and assets of one shall not be commingled with those of the other; except that funds received from a joint billing to subscribers may be deposited in a common bank account for purposes of collection, if the records of each corporation at all times show the amount of such funds belonging to each and if final distribution of the funds is made to each corporation within thirty (30) days from receipt of payment of such joint billing.