Idaho § 41-4930 - Existing insurance laws to apply to the trust fund with certain exceptions
Full text of Idaho Idaho Statutes § 41-4930 — Existing insurance laws to apply to the trust fund with certain exceptions, with citation guidance and answers to common questions.
§ 41-4930. Existing insurance laws to apply to the trust fund with certain exceptions
The trust fund shall comply with all of the applicable provisions of title 41 , Idaho Code, with certain exceptions as follows:
(1) The creation of the trust fund by act of the legislature shall not be deemed to be an ownership, control or operation of an insurer by a governmental entity, as referred to in section 41-309 , Idaho Code, and the surplus funds of the trust fund shall be considered to be dedicated and held in reserve for the purpose of providing funds for the payment of claims arising out of the discharge of petroleum products from tanks covered by a contract of insurance issued to the tank owner or operator by the trust fund as provided for in section 41-4906 , Idaho Code. The absolute control of the trust fund shall be vested in the board.
(2) The provisions of this chapter shall be construed to be contained in the document of organization and bylaws of the trust fund for purposes of sections 41-319 , 41-320 and 41-322 , Idaho Code, and the director shall issue a certificate of registration to and in the name of the trust fund.
(3) Section 41-337 , Idaho Code, shall not apply to contracts of insurance issued by the trust fund.
(4) Sections 41-1004 and 41-1022 , Idaho Code, shall not apply to employees of the state insurance fund or the trust fund.
(5) Section 41-1103 , Idaho Code, shall not apply to employees of the state insurance fund or the trust fund, provided the employees restrict their claims adjusting and investigation operations only to those contracts issued by the trust fund.
(6) Except as otherwise provided in this chapter, chapter 28, title 41 , Idaho Code, and chapter 14, title 30 , Idaho Code, shall not apply to the trust fund nor shall this trust fund be construed to be a domestic mutual insurer, nor a reciprocal insurer, nor any other type of insurer currently regulated by title 41 , Idaho Code, and the only organizational requirements of this trust fund shall be those enumerated in this chapter.
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-4930
What does Idaho Statutes § 41-4930 cover?
Section 41-4930 ("Existing insurance laws to apply to the trust fund with certain exceptions") 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 § 41-4930?
A common citation format is "Idaho Statutes § 41-4930" (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 § 41-4930 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.