41-3114. INVESTMENTS. (1) The insurer may invest and have invested such funds as it may have on hand pursuant to this chapter but not necessary to expend for current expenses and losses, in investments as authorized by the following sections of the Idaho Code only:
(a) Section 41-707 (public obligations);
(b) Section 41-708 (obligations, stock of certain federal agencies);
(c) Section 41-709 (irrigation district bonds);
(d) Section 41-716 (investment trust securities);
(e) Section 41-720 (savings and share accounts);
(f) Sections 41-721 through 41-725 (mortgage loans), as to mortgage loans on Grange halls only; and
(g) Section 41-3115 (site for head office).
(2) The following sections of the Idaho Code shall to the extent applicable, also apply with respect to such an insurer:
(a) Section 41-702 (eligible investments);
(b) Section 41-703 (general qualifications);
(c) Section 41-704 (authorization of investments);
(d) Section 41-705 (record of investments);
(e) Section 41-706(1) (diversification of investments in securities, etc. of any one person);
(f) Section 41-730 (disposal of ineligible property and securities); and
(g) Section 41-731 (prohibited investments and investment underwriting).
History:
[41-3114, added 1961, ch. 330, sec. 672, p. 645; am. 1984, ch. 241, sec. 1, p. 587.]
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.