INCREASE OF INADEQUATE LOSS RESERVES.

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  2. Idaho Code
  3. INSURANCE
  4. ASSETS AND LIABILITIES
  5. INCREASE OF INADEQUATE LOSS RESERVES.

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41-610. INCREASE OF INADEQUATE LOSS RESERVES. If loss experience shows that an insurer’s loss reserves, however computed or estimated, are inadequate, the director shall require the insurer to maintain loss reserves in such additional amount as is needed to make them adequate. This section does not apply as to life insurance.

History:

[41-610, added 1961, ch. 330, sec. 131, p. 645.]


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