Idaho § 41-4804 - Risk retention groups chartered in this state
Full text of Idaho Idaho Statutes § 41-4804 — Risk retention groups chartered in this state, with citation guidance and answers to common questions.
§ 41-4804. Risk retention groups chartered in this state
(1) A risk retention group seeking to be chartered in this state must be chartered and licensed as a liability insurance company authorized by the insurance laws of this state and, except as provided elsewhere in this chapter, must comply with:
(a) All of the laws, rules, regulations and requirements applicable to such insurers chartered and licensed in this state;
(b) Section 41-4805 , Idaho Code, to the extent such requirements are not a limitation on laws, rules, regulations or requirements of this state.
(2) Before it may offer insurance in any state, each risk retention group shall also submit for approval to the director of this state a plan of operation or feasibility study and revisions of such plan or study if the group intends to offer any additional lines of liability insurance. Immediately upon receipt of an application for charter, this state shall provide:
(a) Summary information concerning the filing to the national association of insurance commissioners, including the name of the risk retention group, the identity of the initial members of the group, the identity of those individuals who organized the group or who will provide administrative services or otherwise influence or control the activities of the group;
(b) The amount and nature of initial capitalization;
(c) The coverages to be afforded; and
(d) The states in which the group intends to operate.
Providing notification to the national association of insurance commissioners is in addition to and shall not be sufficient to satisfy the requirements of section 41-4805 , Idaho Code, or any other sections of this chapter.
[41-4804, added 1987, ch. 140, sec. 1, p. 277.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-4804
What does Idaho Statutes § 41-4804 cover?
Section 41-4804 ("Risk retention groups chartered in this state") 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 § 41-4804?
A common citation format is "Idaho Statutes § 41-4804" (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 § 41-4804 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.