There is a newer version of the Idaho Code and Statutes
2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 29 - RECIPROCAL INSURERS
Section 41-2928 - SUBSCRIBERS' SHARE IN ASSETS.
ID Code § 41-2928 (2016) What's This?
41-2928. Subscribers' share in assets. Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in section 41-2916 of this chapter, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the director may approve.
History:
[41-2928, added 1961, ch. 330, sec. 655, p. 645.]
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