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2005 Idaho Code - 41-336 — REVIEW OF ANNUAL STATEMENT -- ADDITIONAL INFORMATION
TITLE 41
INSURANCE
CHAPTER 3
AUTHORIZATION OF INSURERS
AND GENERAL REQUIREMENTS
41-336. REVIEW OF ANNUAL STATEMENT -- ADDITIONAL INFORMATION. (1) As soon
as reasonably possible after the insurer has filed its annual statement with
him, the director shall review the same and require correction of such errors
or omissions in the statement as appear from such review.
(2) Any company transacting business in this state may be required by the
director, when he considers such action to be necessary for the protection of
policyholders, creditors, shareholders or claimants, to file a supplementary
summary financial statement in a format prescribed by the director.
Supplementary summary financial statements shall be due within sixty (60) days
after notice is mailed to the company by the director requesting such
statement. No company shall be required to file more than four (4)
supplementary summary statements during any consecutive twelve (12) month
period. The director may, at his discretion, require the annual statement be
certified by an independent actuary deemed competent by the director or by an
independent certified public accountant.
(3) In addition to information called for and furnished in connection
with its annual statement, an insurer shall promptly furnish to the director
such other or further information with respect to any of its transactions or
affairs as the director may from time to time request in writing.
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