Idaho Code § 41-2928

Current through Chapter 330 of the 2024 Regular Legislative Session
Section 41-2928 - SUBSCRIBERS' SHARE IN ASSETS

Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in section 41-2916 of this chapter, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the director may approve.

Idaho Code § 41-2928

[41-2928, added 1961, ch. 330, sec. 655, p. 645.]