Idaho § 41-316A - Deposit - General requirement - Domestic insurers
Full text of Idaho Idaho Statutes § 41-316A — Deposit - General requirement - Domestic insurers, with citation guidance and answers to common questions.
§ 41-316A. Deposit - General requirement - Domestic insurers
This section shall apply to all domestic insurers.
(1) The director shall not authorize the formation of a new domestic insurer or the redomestication to this state of an insurer unless it makes and thereafter maintains in trust in this state through the director for the protection of all its policyholders and creditors, a deposit of cash or securities eligible for deposit under section 41-803 , Idaho Code, in an amount of the minimum capital for a stock insurer and basic surplus of a mutual or reciprocal insurer, as required in sections 41-313 and 41-2652 , Idaho Code.
(2) A domestic insurer holding a valid certificate of authority to transact insurance in this state immediately prior to January 1, 1994, shall have a period of three (3) years from and after that date within which to comply with any increase in deposit requirements.
[41-316A, added 1994, ch. 240, sec. 3, p. 754.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-316A
What does Idaho Statutes § 41-316A cover?
Section 41-316A ("Deposit - General requirement - Domestic insurers") 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 § 41-316A?
A common citation format is "Idaho Statutes § 41-316A" (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 § 41-316A 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.