2013 Idaho Statutes
Title 41 - INSURANCE
Chapter 8 - ADMINISTRATION OF DEPOSITS
Section 41-808 - EXCESS DEPOSITS.
(2) If not so required by the director, an insurer may at its option so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under this code by not more than twenty per cent (20%) of such required or permitted deposit, or twenty thousand dollars ($20,000), whichever is the larger amount, for the purpose of absorbing fluctuations in the value of securities and assets deposited, and to facilitate the exchange and substitution of such securities and assets. During the solvency of the insurer any such excess shall be released to the insurer upon its request. During the insolvency of the insurer, such excess deposit shall be released only as provided in section 41-812(2)(e)[, Idaho Code].
History:
[41-808, added 1961, ch. 330, sec. 177, p. 645.]
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