2013 Idaho Statutes
Title 41 - INSURANCE
Chapter 7 - INVESTMENTS
Section 41-726 - SPECIAL INVESTMENTS BY TITLE INSURER.
(2) In any determination of the insurer's financial condition no investment in abstract plant and equipment, or in loans secured by mortgages thereon, shall be valued at an amount in excess of the lesser of (a) the cost thereof to the insurer, or (b) the fair market value.
(3) No investment as determined in subparagraph (2) above shall be credited against the insurer's unearned premium or loss reserves required under section 41-611, Idaho Code.
History:
[41-726, added 1961, ch. 330, sec. 164, p. 645; am. 1972, ch. 138, sec. 1, p. 305.]
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