Expenses
Applied in 1 court decision — leading case 262 F. Supp. 222 - Idaho Mutual Benefit Ass'n v. United States (1966)
Most recently applied in 262 F. Supp. 222 - Idaho Mutual Benefit Ass'n v. United States (December 1966)
1961, ch. 330, § 671, p. 645.
(1) The operating expenses of the insurer shall be reasonable in amount in relation to the volume of business transacted and insurance losses incurred.
(2) The insurer’s by-laws shall contain reasonable limitations of all such expenses, and such provisions and all modifications thereof shall be subject to the director’s approval.
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.