41-2513. WORKMEN’S COMPENSATION POLICIES — SEGREGATION OF PARTICIPATING AND NONPARTICIPATING BUSINESS. (1) With respect to workmen’s compensation insurance delivered or issued for delivery in this state, the insurer shall not pay dividends to the holders of participating insurance contracts out of profits or gains realized from nonparticipating contracts.
(2) An insurer issuing both participating and nonparticipating workmen’s compensation policies shall maintain a system of accounting which segregates the participating from the nonparticipating business and clearly shows the profits and losses upon each category of business.
History:
[I.C., sec. 41-2513, as added by 1969, ch. 214, sec. 66, p. 625.]
Structure Idaho Code
Chapter 25 - CASUALTY INSURANCE CONTRACTS
Section 41-2501 - CONTRACTS ARE SUBJECT TO GENERAL PROVISIONS.
Section 41-2503 - DEFINITIONS AND APPLICATION.
Section 41-2504 - APPLICATION OF UNINSURED MOTORIST COVERAGE.
Section 41-2505 - SUBROGATION RIGHTS OF INSURER.
Section 41-2506 - CANCELLATION OF POLICIES — DEFINITIONS.
Section 41-2507 - CANCELLATION OF POLICIES — GROUNDS.
Section 41-2508 - NOTICE OF CANCELLATION OR INTENTION NOT TO RENEW.
Section 41-2509 - CANCELLATIONS AND NONRENEWAL — EXCEPTIONS TO.
Section 41-2510 - EXCLUSION AND CANCELLATION OF DESIGNATED INDIVIDUALS.
Section 41-2511 - DEDUCTIBLE — PERMISSIVE.
Section 41-2512 - RELIEVING LIABILITY FOR DISCLOSURE OF CANCELLATION AND NONRENEWAL INFORMATION.
Section 41-2514 - MEDICAL PAYMENTS LIMITATION PROHIBITED.
Section 41-2515 - DISCOUNT FOR CERTAIN AGE GROUPS.
Section 41-2516 - OPTIONAL SUSPENSION OF AUTOMOBILE INSURANCE COVERAGE.
Section 41-2517 - SHORT TITLE.
Section 41-2518 - DEFINITIONS.