Idaho Code · Title 41 · Insurance
Idaho Code § 41-2851

Solicitations In Other States

Ch. 28 — ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS
Idaho Code ● ACTIVE State Law Title 41
Statutory Text

Idaho Code § 41-2851 — Solicitations In Other States.

TITLE 41 INSURANCE CHAPTER 28 ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS 41-2851. Solicitations in other states. (1) No domestic insurer shall knowingly solicit insurance business in any reciprocating state in which it is not then licensed as an authorized insurer. (2)  This section shall not prohibit advertising through publications and radio, television and other broadcasts originating outside such reciprocating state, if the insurer is licensed in a majority of the states in which such advertising is disseminated, and if such advertising is not specifically directed to residents of such reciprocating state. (3)  This section shall not prohibit insurance, covering persons or risks located in a reciprocating state, under contracts solicited and issued in states in which the insurer is then licensed. Nor shall it prohibit insurance effectuated by the insurer as an unauthorized insurer in accordance with the laws of the reciprocating state. (4)  A "reciprocating" state, as used herein, is one under the laws of which a similar prohibition is imposed upon and enforced against insurers domiciled in that state. (5)  The director shall suspend or revoke the certificate of authority of a domestic insurer found by him, after a hearing, to have violated this section.

History:[41-2851, added 1961, ch. 330, sec. 619, p. 645.]
Source: legislature.idaho.gov — public domain Official Source ↗
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BS-IC41-SEC-9A5045
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
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boisestandard.org
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Idaho — United States
Citation
Idaho Code § 41-2851
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PRIMARY-SOURCE
Source Verified
✓ TRUE
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cb8873f7c413edd5...
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Pending — corpus passes queued
The statutory text of Idaho Code § 41-2851 is reproduced from the official Idaho Legislature website (legislature.idaho.gov), published by the Idaho Legislative Services Office. Idaho Code is public domain.
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