No insurer the voting control or ownership of which is held in whole or substantial part by any government or governmental agency, or which is operated for or by any such government or agency, other than the Idaho state insurance fund, shall be authorized to transact insurance in this state. Membership in a mutual insurer, or subscribership in a reciprocal insurer, or ownership of stock of an insurer by the alien property custodian or similar official of the United States, or supervision of an insurer by public insurance supervisory authority shall not be deemed to be an ownership, control, or operation of the insurer for the purposes of this section.
Idaho Code § 41-309
Government-owned insurers not to be authorized
1961, ch. 330, § 72, p. 645; am. 1998, ch. 428, § 10, p. 1346; am. 2003, ch. 377, § 1, p. 1009; I.C., § 41-309, as added by 2003, ch. 377, § 4, p. 1009.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.