Idaho § 41-4007 TRUST FUND — AUTHORITY

Idaho Statutes

§ 41-4007 — TRUST FUND — AUTHORITY

Idaho § 41-4007

Title 41INSURANCE

Ch. 40SELF-FUNDED HEALTH CARE PLANS

This text of Idaho § 41-4007 (TRUST FUND — AUTHORITY) 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 § 41-4007 (2026).

Text

The trust fund of a self-funded plan shall have the authority:

(1)To have and use an appropriate descriptive name;

(2)To sue and be sued in its own name;

(3)To contract in its own name. All such contracts shall be in writing and shall be signed by the trustee of the fund, and if there is more than one (1) trustee, the contract may be so executed by one (1) trustee if so authorized by all trustees;

(4)To borrow money and give security therefor; and

(5)To engage exclusively in transactions authorized or required by this chapter, or reasonably incidental thereto.

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The trust fund of a self-funded plan shall have the authority:
(1) To have and use an appropriate descriptive name;
(2) To sue and be sued in its own name;
(3) To contract in its own name. All such contracts shall be in writing and shall be signed by the trustee of the fund, and if there is more than one (1) trustee, the contract may be so executed by one (1) trustee if so authorized by all trustees;
(4) To borrow money and give security therefor; and
(5) To engage exclusively in transactions authorized or required by this chapter, or reasonably incidental thereto.