Idaho Statutes

§ 41-4924 — QUALIFICATIONS FOR REGISTRATION

Idaho § 41-4924
JurisdictionIdaho
Title 41INSURANCE
Ch. 49PETROLEUM CLEAN WATER TRUST FUND ACT

This text of Idaho § 41-4924 (QUALIFICATIONS FOR REGISTRATION) 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 § 41-4924 (2026).

Text

The director shall not register the trust fund if it is not qualified therefor. To be qualified, the trust fund:

(1)Shall require all application fees to be paid in advance and to be deposited in and disbursed from the trust fund duly created under this chapter.
(2)Shall have, or provide for, a trustworthy and responsible administrator for competent administration of the trust fund and plan.
(3)Shall provide that the administrator furnish to each insured owner or operator a contract of insurance adequately and clearly stating all rights and obligations of the insured owner or operator, together with all applicable restrictions, limitations and exclusions, and the procedure for filing a claim.
(4)Shall be actuarially sound; that is, assets, income and other financial resources of the tr

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Legislative History

[(41-4924) 41-4923, added 1990, ch. 119, sec. 1, p. 279; am. 1991, ch. 59, sec. 16, p. 129; am. & redesig. 2003, ch. 96, sec. 26, p. 299.]

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Bluebook (online)
Idaho § 41-4924, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/41-4924.