41-3113. EXPENSES. (1) The operating expenses of the insurer shall be reasonable in amount in relation to the volume of business transacted and insurance losses incurred.
(2) The insurer’s by-laws shall contain reasonable limitations of all such expenses, and such provisions and all modifications thereof shall be subject to the director’s approval.
History:
[41-3113, added 1961, ch. 330, sec. 671, 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.