2005 Idaho Code - 41-309 — GOVERNMENT-OWNED INSURERS NOT TO BE AUTHORIZED

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-309.  GOVERNMENT-OWNED INSURERS NOT TO BE AUTHORIZED. No insurer the
voting control or ownership of which is held in whole or substantial part by
any government or governmental agency, or which is operated for or by any such
government or agency, other than the Idaho state insurance fund, shall be
authorized to transact insurance in this state. Membership in a mutual
insurer, or subscribership in a reciprocal insurer, or ownership of stock of
an insurer by the alien property custodian or similar official of the United
States, or supervision of an insurer by public insurance supervisory authority
shall not be deemed to be an ownership, control, or operation of the insurer
for the purposes of this section.