Idaho § 41-315 - Permissible insuring combinations without additional capital funds
Full text of Idaho Idaho Statutes § 41-315 — Permissible insuring combinations without additional capital funds, with citation guidance and answers to common questions.
§ 41-315. Permissible insuring combinations without additional capital funds
(1) A life insurer may also grant annuities without additional capital or additional surplus.
(2) A disability insurer may also issue insurance against congenital defects, as defined in section 41-506 (1) (l), without additional capital or additional surplus.
(3) A casualty insurer may be authorized to transact also disability insurance without additional capital or additional surplus.
(4) A property insurer may without additional capital or additional surplus include such amount and kind of insurance against legal liability or injury, damage, or loss to the person or property of others, and for medical, hospital, and surgical expense related to such injury, as the director deems to be reasonably incidental to insurance of real property against fire and other perils under policies covering farm properties, or residential properties designated for occupancy by not more than four (4) families, with or without incidental office, professional, private school or studio occupancy by an insured whether or not the premium or rate charged for certain perils so covered is specified in the policy. Any provision of section 41-509 (limit of risk) to the contrary notwithstanding, no insurer authorized as to property insurance only shall pursuant to this subsection retain risk as to any one (1) subject of insurance as to hazards other than property insurance hazards, in an amount exceeding five per cent (5%) of its surplus to policyholders.
[41-315, added 1961, ch. 330, sec. 78, p. 645; am. 1969, ch. 214, sec. 7, p. 625.]
Frequently Asked Questions About Idaho § 41-315
What does Idaho Statutes § 41-315 cover?
Section 41-315 ("Permissible insuring combinations without additional capital funds") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-315?
A common citation format is "Idaho Statutes § 41-315" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-315 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.