Idaho Code · Title 41 · Insurance
Idaho Code § 41-719

Collateral Loans

Ch. 7 — INVESTMENTS
Idaho Code ● ACTIVE State Law Title 41
Statutory Text

Idaho Code § 41-719 — Collateral Loans.

TITLE 41 INSURANCE CHAPTER 7 INVESTMENTS 41-719. Collateral loans. An insurer may lend and thereby invest its funds upon the pledge of securities eligible for investment under this chapter. As at date made, no such loan shall exceed in amount ninety per cent (90%) of the market value of such collateral pledged. The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this chapter to be invested in the respective categories of securities so pledged.

History:[41-719, added 1961, ch. 330, sec. 156, p. 645.]
Source: legislature.idaho.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-IC41-SEC-4532D8
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
Domain Signature
boisestandard.org
Jurisdiction
Idaho — United States
Citation
Idaho Code § 41-719
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
069c412a351ecc15...
Semantic Edges
Pending — corpus passes queued
The statutory text of Idaho Code § 41-719 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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boisestandard.org United States Idaho Idaho Code Title 41 Idaho Code § 41-719