US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2870.  DEFINITIONS. As used in this act:
    (1)  "Securities" mean instruments as defined in section 28-8-102(1)(a),
Idaho Code.
    (2)  "Clearing corporation" means a corporation as defined in section
28-8-102(3), Idaho Code.
    (3)  "Direct participant" means a national bank, state bank or trust
company which maintains an account in its name in a clearing corporation and
through which an insurance company participates in a clearing corporation.
    (4)  "Federal reserve book-entry system" means the computerized systems
sponsored by the United States department of the treasury and certain agencies
and instrumentalities of the United States for holding and transferring
securities of the United States government and such agencies and
instrumentalities, respectively, in federal reserve banks through banks which
are members of the federal reserve system.
    (5)  "Member bank" means a national bank, state bank or trust company
which is a member of the federal reserve system and to which an insurance
company participates in the federal reserve book entry system.