US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-715.  INSURANCE STOCKS. (1) An insurer may invest in subsidiary and/or
companion insurance companies not to exceed fifteen per cent (15%) of assets.
For the purpose of calculating this fifteen per cent (15%) limitation, all
investments made under section 41-3801B, Idaho Code, and section 41-715, Idaho
Code, must be valued at market value of the security if actively traded, or at
cost if not actively traded.
    (2)  The limitations on investments in insurance stocks set forth in this
section shall not apply to stocks acquired under a plan for merger of the
insurers which has been approved by the director or as to shares received as
stock dividends upon shares already owned.
    (3)  Shares acquired and held under this section shall not, for the
purposes of the limitations provided under section 41-714, Idaho Code, be
included among other common stocks held by the insurer.