Idaho § 41-3317 - Grounds for liquidation
Full text of Idaho Idaho Statutes § 41-3317 — Grounds for liquidation, with citation guidance and answers to common questions.
§ 41-3317. Grounds for liquidation
The director may petition the district court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:
(1) Of any ground for an order of rehabilitation as specified in section 41-3312 , Idaho Code, whether or not there has been a prior order directing the rehabilitation of the insurer;
(2) That the insurer is insolvent; or
(3) That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.
[41-3317, added 1981, ch. 249, sec. 2, p. 515.]
Frequently Asked Questions About Idaho § 41-3317
What does Idaho Statutes § 41-3317 cover?
Section 41-3317 ("Grounds for liquidation") 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 § 41-3317?
A common citation format is "Idaho Statutes § 41-3317" (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 § 41-3317 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.