A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state, nor from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.
Idaho Code § 41-4810
Restrictions on insurance purchased by purchasing groups
Known as the Idaho Liability Risk Retention Act
The act spans §§ 41–41 (16 sections).
I.C., § 41-4810, as added by 1987, ch. 140, § 1, p. 274.
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.