41-3820. RECEIVERSHIP. Whenever it appears to the director that any person has committed a violation of the provisions of this chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or make its further transaction of business hazardous to its policyholders, creditors, shareholders or the public, the director may proceed as provided in chapter 33, title 41, Idaho Code, to take possession of the property of the domestic insurer and to conduct its business in the capacity of a receiver.
History:
[41-3820, added 2013, ch. 266, sec. 2, p. 674.]
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.