2005 Idaho Code - 41-1318 — INTERLOCKING OWNERSHIP OR MANAGEMENT

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 13
                          TRADE PRACTICES AND FRAUDS
    41-1318.  INTERLOCKING OWNERSHIP OR MANAGEMENT. (1) Any insurer may
retain, invest in or acquire the whole or any part of the capital stock of any
other insurer or insurers, or have a common management with any other insurer
or insurers, unless such retention, investment, acquisition or common
management is inconsistent with any other provision of this code, or unless by
reason thereof the business of such insurers with the public is conducted in a
manner which substantially lessens competition generally in the insurance
business or tends to create a monopoly therein.
    (2)  Any person otherwise qualified may be a director of two or more
insurers which are competitors, unless the effect thereof is to lessen
substantially competition between insurers generally or tends materially to
create a monopoly.