2005 Idaho Code - 41-2832 — MEETINGS OF MEMBERS OF MUTUAL INSURER

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2832.  MEETINGS OF MEMBERS OF MUTUAL INSURER. (1) Meetings of members
of a domestic mutual insurer shall be held in the city or town of its
registered office in this state, except as may otherwise be provided in the
insurer's by-laws with the director's approval.
    (2)  Each such insurer shall, during the first six (6) months of each
calendar year, hold the annual meeting of its members to fill vacancies
existing or occurring in the board of directors, receive and consider reports
of the insurer's officers as to its affairs and transact such other business
as may properly be brought before it.
    (3)  Notice of the time and place of the annual meeting of members shall
be given by imprinting such notice plainly on the policies issued by the
insurer. Any change of the date or place of the annual meeting shall be made
only by an annual meeting of members. Notice of such change may be given:
    (a)  By imprinting such new date or place on all policies which will be in
effect as of the date of such changed meeting; or
    (b)  Unless the director otherwise orders, notice of the new date or place
need be given only through policies issued after the date of the annual
meeting at which such change was made and in premium notices and renewal
certificates issued during the twenty-four (24) months immediately following
such meeting.
    (4)  If more than six (6) months are allowed to elapse after an annual
meeting of members is due to be held and without such annual meeting being
held, the director shall, upon written request of any officer, director, or
member of the insurer, cause written notice of such meeting to be given to the
insurer's members, and the meeting shall be held as soon as reasonably
possible thereafter. The director shall attend the meeting.
    (5)  Subsections (2) and (3) above shall not apply as to a fraternal
insurer, as defined in section 41-3101(2), which shall hold the annual meeting
of its members and give notice thereof, at such reasonable time and place and
in such reasonable manner as may be provided by the insurer's by-laws with the
director's approval.