Idaho § 41-3116 - Records - Annual statement
Full text of Idaho Idaho Statutes § 41-3116 — Records - Annual statement, with citation guidance and answers to common questions.
§ 41-3116. Records - Annual statement
(1) The insurer shall keep at its head office records and accounts of its transactions, claims, and affairs in such form and with such completeness as may be reasonably necessary for the identification and examination thereof.
(2) Annually on or before March 1 the insurer shall file with the director a full and true statement of its financial condition, transactions and affairs as of the December 31 preceding. The statement shall be in such general form as is required or accepted by the director.
[41-3116, added 1961, ch. 330, sec. 674, p. 645.]
Frequently Asked Questions About Idaho § 41-3116
What does Idaho Statutes § 41-3116 cover?
Section 41-3116 ("Records - Annual statement") 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 § 41-3116?
A common citation format is "Idaho Statutes § 41-3116" (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 § 41-3116 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.