41-309. GOVERNMENT-OWNED INSURERS NOT TO BE AUTHORIZED. No insurer the voting control or ownership of which is held in whole or substantial part by any government or governmental agency, or which is operated for or by any such government or agency, other than the Idaho state insurance fund, shall be authorized to transact insurance in this state. Membership in a mutual insurer, or subscribership in a reciprocal insurer, or ownership of stock of an insurer by the alien property custodian or similar official of the United States, or supervision of an insurer by public insurance supervisory authority shall not be deemed to be an ownership, control, or operation of the insurer for the purposes of this section.
History:
[41-309, added 1961, ch. 330, sec. 72, p. 645; am. 1998, ch. 428, sec. 10, p. 1359; am. 2003, ch. 377, sec. 2, p. 1009; repeal and new section added 2003, ch. 377, secs. 3 & 4, p. 1010.]
Structure Idaho Code
Chapter 3 - AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Section 41-301 - “STOCK” INSURER DEFINED.
Section 41-302 - “MUTUAL” INSURER DEFINED.
Section 41-302A - “DEPOSIT GUARANTEE” CORPORATION DEFINED.
Section 41-303 - “RECIPROCAL” INSURER DEFINED.
Section 41-304 - “CHARTER” DEFINED.
Section 41-305 - CERTIFICATE OF AUTHORITY REQUIRED.
Section 41-306 - EXCEPTIONS TO CERTIFICATE OF AUTHORITY REQUIREMENT.
Section 41-306A - INTERSTATE INSURANCE SALES.
Section 41-307 - AUTHORIZATION FOR INVESTMENT PURPOSES ONLY.
Section 41-308 - GENERAL ELIGIBILITY FOR CERTIFICATE OF AUTHORITY.
Section 41-309 - GOVERNMENT-OWNED INSURERS NOT TO BE AUTHORIZED.
Section 41-310 - PAYMENT OF BACK TAXES.
Section 41-311 - NAME OF INSURER.
Section 41-312 - COMBINATIONS OF INSURING POWERS — ONE INSURER.
Section 41-313 - CAPITAL FUNDS REQUIRED — FOREIGN INSURERS AND NEW DOMESTIC INSURERS.
Section 41-313A - DOMESTIC RECIPROCAL INSURERS WITH FEWER THAN SEVEN SUBSCRIBERS.
Section 41-315 - PERMISSIBLE INSURING COMBINATIONS WITHOUT ADDITIONAL CAPITAL FUNDS.
Section 41-316 - DEPOSIT — FOREIGN OR ALIEN INSURERS.
Section 41-316A - DEPOSIT — GENERAL REQUIREMENT — DOMESTIC INSURERS.
Section 41-318 - COOPERATION WITH THE DEPARTMENT OF HEALTH AND WELFARE.
Section 41-319 - APPLICATION FOR CERTIFICATE OF AUTHORITY.
Section 41-320 - CONSIDERATION OF APPLICATION.
Section 41-322 - ISSUANCE OR REFUSAL OF CERTIFICATE OF AUTHORITY.
Section 41-322A - CERTIFICATES OF AUTHORITY FOR DEPOSIT GUARANTEE CORPORATIONS.
Section 41-323 - WHAT CERTIFICATE EVIDENCES — OWNERSHIP OF CERTIFICATE.
Section 41-324 - CONTINUANCE, EXPIRATION, OR REINSTATEMENT OF CERTIFICATE OF AUTHORITY.
Section 41-325 - AMENDMENT OF CERTIFICATE OF AUTHORITY.
Section 41-326 - SUSPENSION OR REVOCATION OF CERTIFICATE OF AUTHORITY — MANDATORY GROUNDS.
Section 41-330 - IMPAIRED INSURERS — NOTICE TO AGENTS — PENALTY.
Section 41-331 - IMPAIRED INSURERS — LIABILITY OF OFFICERS.
Section 41-333 - DIRECTOR AS PROCESS AGENT FOR FOREIGN INSURERS AND DOMESTIC RECIPROCAL INSURERS.
Section 41-334 - SERVING PROCESS — TIME TO PLEAD.
Section 41-335 - ANNUAL STATEMENT.
Section 41-336 - REVIEW OF ANNUAL STATEMENT — ADDITIONAL INFORMATION.
Section 41-337 - RESIDENT AGENT, COUNTERSIGNATURE LAW.
Section 41-338 - EXCEPTIONS TO RESIDENT AGENT, COUNTERSIGNATURE LAW.
Section 41-340 - RETALIATORY PROVISION.
Section 41-342 - REDOMESTICATION AS A DOMESTIC INSURER — CONVERSION TO FOREIGN INSURER.
Section 41-343 - ARTICLES OF REDOMESTICATION.
Section 41-344 - EFFECTIVE DATE OF REDOMESTICATION.
Section 41-346 - ACQUISITIONS AND DISPOSITIONS OF ASSETS.
Section 41-347 - NONRENEWALS, CANCELLATIONS OR REVISIONS OF CEDED REINSURANCE AGREEMENTS.