41-3110. MEMBERS. (1) Every policyholder of the insurer is thereby a member of the insurer, with all of the rights and liabilities of membership.
(2) All policies issued by the insurer shall state specifically that the liability of each member is not limited. All persons becoming members of the insurer shall sign the constitution and by-laws, and shall be held in law to comply with all the provisions and requirements of the insurer.
(3) Each member shall have one (1) vote and no more in the election of a director and on any other matter coming to a vote at meetings of members. A member may vote in person or by proxy, or by mail, but no person shall vote more than five (5) proxies.
History:
[41-3110, added 1961, ch. 330, sec. 668, p. 645.]
Structure Idaho Code
Chapter 31 - COUNTY MUTUAL INSURERS
Section 41-3101 - SCOPE OF CHAPTER — PROVISIONS EXCLUSIVE.
Section 41-3102 - ORGANIZATION OF COUNTY MUTUAL FIRE INSURERS.
Section 41-3102A - CONVERSION INTO DOMESTIC MUTUAL.
Section 41-3103 - FILING OF ARTICLES — COMMENCEMENT OF BUSINESS.
Section 41-3104 - INSURING POWERS.
Section 41-3104A - PROPERTY USED TO FIGHT FIRES — CHARGES.
Section 41-3105 - INSURER’S TERRITORY.
Section 41-3106 - LIMIT OF RISK.
Section 41-3107 - REINSURANCE.
Section 41-3108 - CERTIFICATE OF AUTHORITY REQUIRED.
Section 41-3111 - ADVANCE PAYMENTS BY MEMBERS.
Section 41-3112 - ASSESSMENTS.
Section 41-3112A - ADVANCE PREMIUMS — RETURN PREMIUMS.
Section 41-3114 - INVESTMENTS.
Section 41-3115 - SITE FOR HEAD OFFICE.
Section 41-3116 - RECORDS — ANNUAL STATEMENT.