Idaho § 41-5111 - Penalties and liabilities
Full text of Idaho Idaho Statutes § 41-5111 — Penalties and liabilities, with citation guidance and answers to common questions.
§ 41-5111. Penalties and liabilities
(1) A reinsurance intermediary, insurer or reinsurer found by the director, after a hearing conducted in accordance with chapter 52, title 67 , Idaho Code, to be in violation of any provision(s) of this chapter shall:
(a) For each separate violation, pay a penalty in an amount not exceeding five thousand dollars ($5,000);
(b) Be subject to revocation or suspension of its license; and
(c) If a violation was committed by the reinsurance intermediary, such reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to such violation.
(2) The decision, determination or order of the director pursuant to subsection (1) of this section shall be subject to judicial review pursuant to chapter 52, title 67 , Idaho Code.
(3) Nothing contained in this section shall affect the right of the director to impose any other penalties provided in the insurance law.
(4) Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors or other third parties or confer any rights to such persons.
[41-5111, added 1992, ch. 82, sec. 1, p. 256.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-5111
What does Idaho Statutes § 41-5111 cover?
Section 41-5111 ("Penalties and liabilities") 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 § 41-5111?
A common citation format is "Idaho Statutes § 41-5111" (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 § 41-5111 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.