In event the public employee retirement system board shall determine that there are risks arising under the terms of this chapter which may be made the subject of insurance against loss to the public employee retirement account [fund], the board is hereby authorized, at its discretion, to insure such risks; in event of such insurance, the premiums therefor shall be paid from the public employee retirement account [fund] as other claims are paid: provided, that such insurance shall not in any event be insurance of any individual but exclusively insurance of the public employee retirement account [fund] itself against loss.
Idaho Code § 72-1410
Risks authorized to be insured — Payment of premiums
1945, ch. 76, § 22, p. 112; am. 1980, ch. 50, § 18, p. 79; am. and redesig. 1990, ch. 231, § 79, p. 611.
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.