41-2509 — CANCELLATIONS AND NONRENEWAL -- EXCEPTIONS TO
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TITLE 41
INSURANCE
CHAPTER 25
CASUALTY INSURANCE CONTRACTS
41-2509. CANCELLATIONS AND NONRENEWAL -- EXCEPTIONS TO. Nothing contained
in sections 41-2506 through 41-2512 of this act shall be construed to prevent
the cancellation or nonrenewal of any such insurance where:
(1) Cancellation or nonrenewal is ordered under or in connection with a
statutory delinquency proceeding commenced against the insurer under chapter
33 (rehabilitations and liquidations), Idaho Code, or
(2) Cancellation or nonrenewal has been consented to by the director on a
showing that continuation of such insurance can reasonably be expected to
create a condition in the insurer hazardous to its policyholders, or to its
creditors, or to its members, subscribers, or stockholders, or to the public.