Idaho § 41-2824 - Formation of mutuals - Failure to qualify
Full text of Idaho Idaho Statutes § 41-2824 — Formation of mutuals - Failure to qualify, with citation guidance and answers to common questions.
§ 41-2824. Formation of mutuals - Failure to qualify
If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within one (1) year from and after date of its certificate of incorporation, the corporation shall transact no further business, and the director shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under section 41-2823 .
[41-2824, added 1961, ch. 330, sec. 592, p. 645.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-2824
What does Idaho Statutes § 41-2824 cover?
Section 41-2824 ("Formation of mutuals - Failure to qualify") 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 § 41-2824?
A common citation format is "Idaho Statutes § 41-2824" (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 § 41-2824 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.