US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 29
                             RECIPROCAL INSURERS
    41-2903.  SCOPE OF CHAPTER -- EXISTING INSURERS. (1) All authorized
reciprocal insurers shall be governed by those sections of this chapter not
expressly made applicable to domestic reciprocals.  Political subdivisions of
the state of Idaho participating in a reciprocal insurance program shall
retain all rights, obligations, and immunities which inure to their respective
benefit or duty, without compromise or modification, as otherwise provided by
law.
    (2)  Every reciprocal insurer in its own name as in the case of an
individual may purchase, receive, own, hold, lease, mortgage, pledge or
encumber, and may by deed of trust or otherwise, manage and sell real estate
for the purposes and objects of the reciprocal including, but not limited to,
investment for the production of income, or for its accommodation in the
convenient transaction of its business. Any contract including, but not
limited to, deeds, leases, mortgages, deeds of trust, purchase of sale
agreements or any other contract to be executed in the name of the reciprocal
insurer, may be executed by the attorney designated by the subscribers of the
reciprocal insurer.
    (3)  Existing authorized reciprocal insurers shall after the effective
date of this code comply with the provisions of this chapter, and shall make
such amendments to their subscribers' agreement, power of attorney, policies
and other documents and accounts and perform such other acts as may be
required for such compliance.