41-2906 — SURPLUS FUNDS REQUIRED
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TITLE 41
INSURANCE
CHAPTER 29
RECIPROCAL INSURERS
41-2906. SURPLUS FUNDS REQUIRED. (1) A domestic reciprocal insurer is
governed, as to surplus required to be maintained, by section 41-313 or
41-313A, Idaho Code.
(2) A domestic reciprocal insurer may be authorized to transact
additional kinds of insurance if it has otherwise complied with the provisions
of this code therefor and possesses and maintains surplus funds as to such
additional kinds of insurance as provided in section 41-313, Idaho Code.
(3) A domestic reciprocal insurer holding a valid certificate of
authority to transact insurance in this state immediately prior to January 1,
1995, shall have a period of two (2) years from and after January 1, 1995,
within which to comply with any increase in surplus requirements.