41-2869 — PURPOSE

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2869.  PURPOSE. The purpose of sections 41-2870 through 41-2871,
41-2839(4)(c), and 41-804(3), Idaho Code, is to authorize insurance companies
to utilize modern systems for holding and transferring securities without
physical delivery of securities certificates, subject to appropriate
regulations by the director of the department of insurance for safeguarding
the assets and facilitating the director's examination of the insurance
company's financial condition.