US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 6
                            ASSETS AND LIABILITIES
    41-603.  ASSETS NOT ALLOWED. In addition to assets impliedly excluded by
the provisions of section 41-601, Idaho Code, the following expressly shall
not be allowed as assets in any determination of the financial condition of an
insurer:
    (1)  Good will, trade names and other like intangible assets, except as
expressly permitted and as prescribed by the national association of insurance
commissioners' accounting practices and procedures.
    (2)  Advances to officers (other than policy loans) whether secured or
not, and advances to employees, agents and other persons on personal security
only.
    (3)  Stock of such insurer, owned by it, or any material equity therein or
loans secured thereby, or any material proportionate interest in such stock
acquired or held through the ownership by such insurer of an interest in
another firm, corporation or business unit.
    (4)  Furniture, fixtures, furnishings, safes, vehicles (except as
authorized in paragraph (12), section 41-601, Idaho Code), libraries,
stationery, literature, and other equipment, machines, and supplies (other
than data processing and accounting systems authorized under section
41-601(11), Idaho Code), except in the case of title insurers such materials
and plants as the insurer is expressly authorized to invest in under section
41-726, Idaho Code, and except, in the case of any insurer, such personal
property as the insurer is permitted to hold pursuant to chapter 7, title 41,
Idaho Code, or which is reasonably necessary for the maintenance and operation
of real estate lawfully acquired and held by the insurer other than real
estate used by it for home office, branch office and similar purposes.
    (5)  The amount, if any, by which the aggregate book value of investments
is carried in the ledger assets of the insurer exceeds the aggregate value
thereof as determined under this code.