41-4302 — PURPOSE

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 43
                   IDAHO LIFE AND HEALTH INSURANCE GUARANTY
                               ASSOCIATION ACT
    41-4302.  PURPOSE. The purpose of this act is to protect policyowners,
insureds, members, beneficiaries, annuitants, payees, and assignees of life
insurance policies, health insurance policies, managed care plans, annuity
contracts, and supplemental contracts, subject to certain limitations, against
failure in the performance of contractual obligations due to the impairment of
insolvency of the insurer issuing such policies or contracts. To provide this
protection: (1) an association of insurers is created to enable the guaranty
of payment of benefits and of continuation of coverages, to residents; (2)
members of the association are subject to assessment to provide funds to carry
out the purpose of this act; and (3) the association is authorized to assist
the director in the prescribed manner, in the detection and prevention of
insurer impairments or insolvencies.