US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 29
                             RECIPROCAL INSURERS
    41-2921.  SUBSCRIBERS' LIABILITY. (1) The liability of each subscriber,
other than as to a nonassessable policy, for the obligations of the reciprocal
insurer shall be an individual, several and proportionate liability, and not
joint. When all participants in a reciprocal insurer are political
subdivisions of the state of Idaho, no liability shall attach to individual
subscribers which is not consistent with constitutional or statutory
limitations thereon.
    (2)  Except as to a nonassessable policy, each subscriber shall have a
contingent assessment liability, in the amount provided for in the power of
attorney or in the subscribers' agreement, for payment of actual losses and
expenses incurred while his policy was in force. Such contingent liability may
be at the rate of not less than one (1) nor more than ten (10) times the
premium or premium deposit stated in the policy, and the maximum aggregate
thereof shall be computed in the manner set forth in section 41-2925 of this
chapter.
    (3)  Each assessable policy issued by the insurer shall contain a
statement of the contingent liability, set in type of the same prominence as
the insuring clause.