Idaho § 41-715 - Insurance stocks
Full text of Idaho Idaho Statutes § 41-715 — Insurance stocks, with citation guidance and answers to common questions.
§ 41-715. Insurance stocks
(1) An insurer may invest in subsidiary and/or companion insurance companies not to exceed fifteen percent (15%) of assets. For the purpose of calculating this fifteen percent (15%) limitation, all investments made under this section and section 41-3803 , Idaho Code, must be valued at market value of the security if actively traded, or at cost if not actively traded.
(2) The limitations on investments in insurance stocks set forth in this section shall not apply to stocks acquired under a plan for merger of the insurers which has been approved by the director or as to shares received as stock dividends upon shares already owned.
(3) Shares acquired and held under this section shall not, for the purposes of the limitations provided under section 41-714 , Idaho Code, be included among other common stocks held by the insurer.
[41-715, added 1961, ch. 330, sec. 152, p. 645; am. 1969, ch. 214, sec. 22, p. 625; am. 1983, ch. 189, sec. 5, p. 512; am. 1993, ch. 194, sec. 9, p. 501; am. 2013, ch. 266, sec. 5, p. 680.]
Frequently Asked Questions About Idaho § 41-715
What does Idaho Statutes § 41-715 cover?
Section 41-715 ("Insurance stocks") 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 § 41-715?
A common citation format is "Idaho Statutes § 41-715" (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 § 41-715 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.