US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    41-1938.  VARIABLE CONTRACTS -- AUTHORITY OF INSURER TO ISSUE. No insurer
shall deliver or issue for delivery in this state contracts authorized under
section 41-1936, Idaho Code, unless it is authorized or organized to do a life
insurance or annuity business in this state, and the director is satisfied
that its condition or method of operation in connection with the issuance of
such contracts will not render its operation hazardous to the public or its
policyholders in this state. In this connection, the director shall consider
among other things:
    (1)  The history and financial condition of the insurer;
    (2)  The character, responsibility and fitness of the officers and
directors of the insurer; and
    (3)  The law and regulation under which the insurer is authorized in the
state of domicile to issue variable contracts.