Idaho Code § 41-2818

Current through Chapter 330 of the 2024 Regular Legislative Session
Section 41-2818 - QUALIFICATION FOR INITIAL CERTIFICATE OF AUTHORITY - STOCK INSURERS

A newly formed domestic stock insurer shall be entitled to a certificate of authority only when its entire authorized capital stock has been subscribed for and paid for in full, and it has fulfilled the other requirements for the certificate of authority as applicable under this code to the kind or kinds of insurance proposed to be transacted. The director shall not issue a certificate of authority to any such insurer which does not meet the requirements of this section.

Idaho Code § 41-2818

[41-2818, added 1961, ch. 330, sec. 586, p. 645.]