US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-726.  SPECIAL INVESTMENTS BY TITLE INSURER. (1) In addition to other
investments eligible under this chapter, a title insurer may invest in its
abstract plant and equipment, and in loans secured by mortgages on abstract
plants and equipment, which plant investment shall not exceed fifty per cent
(50%) of its paid-in capital stock and paid-in surplus unless a greater amount
is approved in advance by the director. Except with the director's consent,
the insurer shall not invest or have invested in stocks of subsidiaries and
other corporate stocks an amount in excess of the insurer's surplus funds
exclusive of its paid-in capital stock.
    (2)  In any determination of the insurer's financial condition no
investment in abstract plant and equipment, or in loans secured by mortgages
thereon, shall be valued at an amount in excess of the lesser of (a) the cost
thereof to the insurer, or (b) the fair market value.
    (3)  No investment as determined in subparagraph (2) above shall be
credited against the insurer's unearned premium or loss reserves required
under section 41-611, Idaho Code.