US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-313A.  DOMESTIC RECIPROCAL INSURERS WITH FEWER THAN SEVEN SUBSCRIBERS.
Domestic reciprocal insurers with fewer than seven (7) subscribers which
insure only worker's compensation risks and which only issue fully assessable
policies are required, in lieu of the paid-up capital stock or basic surplus
and additional surplus requirements of section 41-313, Idaho Code, to meet the
security for payment of compensation standards set forth in section 72-301,
Idaho Code; provided however, the securities required pursuant to this section
shall be deposited with the director of the department of insurance as opposed
to the industrial commission; provided further, all other rules, regulations
or statutory requirements applicable to domestic reciprocal insurers
administered by the director of the department of insurance remain applicable
to reciprocal insurers meeting the requirements of this section.