Idaho § 41-1427
Full text of Idaho Idaho Statutes § 41-1427, with citation guidance and answers to common questions.
§ 41-1427.
Examination of insurers and rating, advisory, joint underwriting, and joint reinsurance organizations. (1) As often as he deems necessary, and not less frequently than each five (5) years, the director shall examine each licensed rating organization, each advisory organization, each group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, and each authorized insurer transacting in this state any class of insurance to which the provisions of this chapter are applicable. The examination shall be for the purpose of ascertaining compliance by the person examined with the applicable provisions of this chapter. As to insurers, no such examination requirement shall be satisfied by the periodic examination of the insurer’s general affairs.
(2) In lieu of any such examination the director may accept the report of a similar examination made by the insurance supervisory official of another state.
(3) The reasonable cost of the examination shall be paid by the person examined, and such person shall be subject, as though an "insurer," to the provisions of section 41-228 , Idaho Code, (examination expense).
(4) Such examination shall also be subject to the applicable provisions of sections 41-223 , Idaho Code, (conduct of examination), 41-227 , Idaho Code, (examination report), 41-229 , Idaho Code, (witnesses and evidence) and 41-230 , Idaho Code, (testimony compelled - immunity from prosecution).
[41-1427, added 1961, ch. 330, sec. 332, p. 645; am. 1969, ch. 306, sec. 7, p. 917; am. 2007, ch. 279, sec. 1, p. 810.]
Frequently Asked Questions About Idaho § 41-1427
What does Idaho Statutes § 41-1427 cover?
Section 41-1427 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 § 41-1427?
A common citation format is "Idaho Statutes § 41-1427" (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 § 41-1427 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.