Idaho § 41-2850 - Nonassessable policies - Revocation of authority
Full text of Idaho Idaho Statutes § 41-2850 — Nonassessable policies - Revocation of authority, with citation guidance and answers to common questions.
§ 41-2850. Nonassessable policies - Revocation of authority
(1) The director shall revoke the authority of a domestic mutual insurer to issue policies without contingent liability if
(a) At any time the insurer’s assets are less than the sum of its liabilities and the surplus required for such authority, or
(b) The insurer, by resolution of its board of directors approved by a majority of its members, requests that the authority be revoked.
(2) During the absence of such authority the insurer shall not issue any policy without providing therein for the contingent liability of the policyholder, nor renew any policy which is then in force without endorsing the same to provide for such contingent liability.
[41-2850, added 1961, ch. 330, sec. 618, p. 645.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-2850
What does Idaho Statutes § 41-2850 cover?
Section 41-2850 ("Nonassessable policies - Revocation of authority") 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 § 41-2850?
A common citation format is "Idaho Statutes § 41-2850" (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 § 41-2850 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.