In any proceeding under this act, the director and his deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may at any time require an additional bond from the director or his deputies, and such bonds shall be paid for out of the assets of the insurer as a cost of administration.
Idaho Code § 41-3307
Bonds
Known as the Idaho Insurers Supervision, Rehabilitation, and Liquidation Act
The act spans §§ 41–41 (60 sections).
I.C., § 41-3307, as added by 1981, ch. 249, § 2, p. 502.
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.