41-809. RIGHTS OF INSURER DURING SOLVENCY. So long as the insurer remains solvent and is in compliance with this code it may:
(1) Demand, receive, sue for and recover the income from the securities or assets deposited;
(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and
(3) At any reasonable time inspect any such deposit.
History:
[41-809, added 1961, ch. 330, sec. 178, p. 645.]
Structure Idaho Code
Chapter 8 - ADMINISTRATION OF DEPOSITS
Section 41-801 - AUTHORIZED DEPOSITS OF INSURERS.
Section 41-802 - PURPOSE OF DEPOSIT.
Section 41-803 - SECURITIES ELIGIBLE FOR DEPOSIT.
Section 41-804 - CUSTODIAL ARRANGEMENTS FOR DEPOSITS.
Section 41-805 - RECORDS — CERTIFICATE OF DEPOSIT.
Section 41-806 - ASSIGNMENT OF SECURITIES.
Section 41-808 - EXCESS DEPOSITS.
Section 41-809 - RIGHTS OF INSURER DURING SOLVENCY.
Section 41-810 - LEVY UPON DEPOSIT.
Section 41-811 - DEFICIENCY OF DEPOSIT.
Section 41-812 - DURATION AND RELEASE OF DEPOSIT.
Section 41-813 - PROOFS FOR RELEASE OF DEPOSIT TO INSURER — DIRECTOR’S RESPONSIBILITY.