41-3807. MAILING — PAYMENT OF EXPENSES. (1) All notices of public hearings held pursuant to section 41-3806, Idaho Code, shall be mailed by the insurer to its shareholders within five (5) business days after the insurer has received such notices. The expenses of such mailing shall be borne by the person making the filing. As security for the payment of such expenses, such person shall file with the director a bond or other deposit deemed acceptable and in an amount determined by the director.
(2) The provisions of this section shall not apply to any offers, requests, invitations, agreements or acquisitions by the person referred to in section 41-3804, Idaho Code, of any voting security referred to in section 41-3804, Idaho Code, which, immediately prior to the consummation of such offer, request, invitation, agreement or acquisition, was not issued and outstanding.
History:
[41-3807, added 2013, ch. 266, sec. 2, p. 659.]
Structure Idaho Code
Chapter 38 - ACQUISITIONS OF CONTROL AND INSURANCE HOLDING COMPANY SYSTEMS
Section 41-3802 - DEFINITIONS.
Section 41-3803 - SUBSIDIARIES OF INSURERS.
Section 41-3805 - TENDER OFFER MATERIAL.
Section 41-3806 - APPROVAL BY DIRECTOR — HEARINGS.
Section 41-3807 - MAILING — PAYMENT OF EXPENSES.
Section 41-3808 - ACQUISITIONS INVOLVING INSURERS NOT OTHERWISE COVERED.
Section 41-3809 - REGISTRATION OF HOLDING COMPANY SYSTEM INSURERS.
Section 41-3810 - STANDARDS AND MANAGEMENT OF AN INSURER WITHIN AN INSURANCE HOLDING COMPANY SYSTEM.
Section 41-3811 - ADEQUACY OF SURPLUS.
Section 41-3812 - DIVIDENDS AND OTHER DISTRIBUTIONS.
Section 41-3813 - MANAGEMENT OF DOMESTIC INSURERS SUBJECT TO REGISTRATION.
Section 41-3814 - EXAMINATION.
Section 41-3815 - SUPERVISORY COLLEGES.
Section 41-3815A - GROUP-WIDE SUPERVISION OF INTERNATIONALLY ACTIVE INSURANCE GROUPS.
Section 41-3816 - CONFIDENTIAL TREATMENT.
Section 41-3820 - RECEIVERSHIP.
Section 41-3822 - REVOCATION, SUSPENSION OR NONRENEWAL OF INSURER’S LICENSE.
Section 41-3823 - JUDICIAL REVIEW — MANDAMUS.