INVESTIGATION OF PROPOSED ORGANIZATION.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS
  5. INVESTIGATION OF PROPOSED ORGANIZATION.

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41-2809. INVESTIGATION OF PROPOSED ORGANIZATION. Upon application of a new insurer for a certificate of authority, the director of the department of insurance shall promptly make an investigation of:

(1) The character, reputation, financial standing and purposes of the organizers, incorporators, and subscribers organizing the proposed insurer or organization;

(2) The character, financial responsibility, insurance experience, and business qualifications of its proposed officers and directors; and

(3) Such other aspects of the proposed insurer or financing as he may deem advisable.

History:

[41-2809, added 1961, ch. 330, sec. 577, p. 645; am. 2003, ch. 103, sec. 4, p. 324.]


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