Idaho § 41-611A - Mortgage guaranty insurance - Contingency reserve
Full text of Idaho Idaho Statutes § 41-611A — Mortgage guaranty insurance - Contingency reserve, with citation guidance and answers to common questions.
§ 41-611A. Mortgage guaranty insurance - Contingency reserve
In addition to reserves for unearned premiums and losses, as to mortgage guaranty insurance transacted by it an insurer shall establish and maintain a contingency reserve out of net premiums (gross premiums less premiums returned to policy holders) remaining after establishment of the unearned premium reserve. To the contingency reserve the insurer shall contribute an amount equal to fifty per cent (50%) of such remaining premiums. The annual contributions to the contingency reserve made during each calendar year shall be maintained for a period of one hundred twenty (120) months; except that in any year in which incurred losses of the insurer under mortgage guaranty insurance policies exceed thirty-five per cent (35%) of the corresponding earned premiums, the insurer may withdraw from the contingency reserve an amount equal to not more than the amount of such excess.
[I.C., sec. 41-611A, as added by 1972, ch. 79, sec. 2, p. 159.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-611A
What does Idaho Statutes § 41-611A cover?
Section 41-611A ("Mortgage guaranty insurance - Contingency reserve") 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 § 41-611A?
A common citation format is "Idaho Statutes § 41-611A" (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 § 41-611A 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.