2005 Idaho Code - 41-312 — COMBINATIONS OF INSURING POWERS -- ONE INSURER

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 3
                          AUTHORIZATION OF INSURERS
                           AND GENERAL REQUIREMENTS
    41-312.  COMBINATIONS OF INSURING POWERS -- ONE INSURER. An insurer which
otherwise qualifies therefor may be authorized to transact any one (1) kind or
combination of kinds of insurance as defined in chapter 5 of this code,
except:
    (1)  A life insurer may grant annuities and may be authorized to transact
in addition only disability insurance; except, that the commissioner shall, if
the insurer otherwise qualifies therefor, continue so to authorize any life
insurer which immediately prior to the effective date of this code was
lawfully authorized to transact in this state a kind or kinds of insurance in
addition to life, and disability, insurances and annuity business.
    (2)  A reciprocal insurer shall not transact life insurance.
    (3)  A title insurer shall be a stock insurer, and shall not transact any
other kind of insurance. This provision shall not prohibit the ceding of
reinsurance by a title insurer to insurers other than mutual or reciprocal
insurers.