2005 Idaho Code - 41-702 — ELIGIBLE INVESTMENTS

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-702.  ELIGIBLE INVESTMENTS. (1) Insurers shall invest in or lend their
funds on the security of, and shall hold as invested assets, only cash and
eligible investments as prescribed in this chapter.
    (2)  Any particular investment held by an insurer on the effective date of
this code, and which was a legal investment at the time it was made, and which
the insurer was legally entitled to possess immediately prior to such
effective date, shall be deemed to be an eligible investment.
    (3)  Eligibility of an investment shall be determined as of the date of
its making or acquisition, except as stated in subsection (2) above.
    (4)  Any investment limitation based upon the amount of the insurer's
assets or particular funds shall relate to such assets or funds as shown by
the insurer's annual statement as of the December 31 next preceding date of
making or acquisition of the investment by the insurer, or as shown by a
current financial statement.