2005 Idaho Code - 41-713 — PREFERRED STOCKS -- DIVERSIFICATION

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-713.  PREFERRED STOCKS -- DIVERSIFICATION. An insurer may invest any of
its funds, in an aggregate amount not exceeding fifteen percent (15%) of its
assets in preferred stocks or shares, other than common stocks, of solvent
institutions existing under the laws of the United States or of any state,
district, or territory thereof, or of the government of Canada or any province
thereof, if all of the prior obligations and prior preferred stocks, if any,
of such institution at the date of acquisition by the insurer are not then in
default as to principal, interest or dividends.