Idaho § 41-6401 - PURPOSE AND SCOPE
Full text of Idaho Idaho Statutes § 41-6401 — PURPOSE AND SCOPE, with citation guidance and answers to common questions.
§ 41-6401. PURPOSE AND SCOPE
(1) The purpose and scope of this chapter are to:
(a) Provide the insurance director a summary of an insurer or insurance group’s corporate governance structure, policies and practices to permit the director to gain and maintain an understanding of the insurer’s corporate governance framework;
(b) Outline the requirements for completing a corporate governance annual disclosure with the insurance director; and
(c) Provide for the confidential treatment of the corporate governance annual disclosure and related information that will contain confidential and sensitive information related to an insurer or insurance group’s internal operations and proprietary and trade secret information that, if made public, could potentially cause the insurer or insurance group competitive harm or disadvantage.
(2) Nothing in this chapter shall be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under applicable state corporate law. Nothing in this chapter shall be construed to limit the director’s authority, or the rights or obligations of third parties, under applicable examination authority including, but not limited to, sections 41-219 and 41-3814 , Idaho Code.
(3) The requirements of this chapter shall apply to all insurers domiciled in this state.
[41-6401, added 2017, ch. 77, sec. 1, p. 209.]
Frequently Asked Questions About Idaho § 41-6401
What does Idaho Statutes § 41-6401 cover?
Section 41-6401 ("PURPOSE AND SCOPE") 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 § 41-6401?
A common citation format is "Idaho Statutes § 41-6401" (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 § 41-6401 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.