Title 41, INSURANCE

41-805. RECORDS -- CERTIFICATE OF DEPOSIT. (1) The director shall maintain complete record of all securities deposited through him under this chapter, and of all transactions involving any such deposit. (2) Upon request of the insurer and payment of the fee therefor required unde…

41-806. ASSIGNMENT OF SECURITIES. (1) The insurer shall duly assign to the director and his successors in office in trust all securities being deposited through him under this code which are not negotiable by delivery; or, in lieu of such assignment, the insurer may give the dire…

41-807. APPRAISAL. The director may, in his discretion, prior to acceptance for deposit of any particular asset or security, or at any time thereafter while so deposited, have the same appraised or valued by competent appraisers. The reasonable costs of any such appraisal or valu…

41-808. EXCESS DEPOSITS. (1) If securities or assets deposited by an insurer under this chapter are subject to material fluctuations in market value, the director may, in his discretion, require the insurer to deposit and maintain on deposit additional securities or assets in suc…

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 a…

41-810. LEVY UPON DEPOSIT. (1) No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities of the insurer held on deposit in this state pursuant to section 41-316 or 41-316A, Idaho Code. (2) As to deposits made in this st…

41-811. DEFICIENCY OF DEPOSIT. (1) For the purpose of determining the sufficiency of its deposit in this state the assets and securities of the insurer on deposit shall be valued at current market value. (2) If for any reason the current market value of such assets and securities…

41-812. DURATION AND RELEASE OF DEPOSIT. (1) Every deposit made in this state by an insurer pursuant to this code shall be so held as long as there is outstanding any liability of the insurer as to which the deposit was required; or, if the deposit was required under the retaliat…

41-813. PROOFS FOR RELEASE OF DEPOSIT TO INSURER -- DIRECTOR'S RESPONSIBILITY. (1) Before authorizing or permitting the release of any deposit or excess portion thereof to the insurer, as provided in section 41-812, Idaho Code, the director shall require the insurer, the applicab…