Idaho § 41-802 - Purpose of deposit
Full text of Idaho Idaho Statutes § 41-802 — Purpose of deposit, with citation guidance and answers to common questions.
§ 41-802. Purpose of deposit
Such deposits shall be held for purposes as follows:
(1) Deposits made in this state under sections 41-316 , Idaho Code, (foreign and alien insurance deposit requirements), and 41-316A , Idaho Code, (domestic insurance deposit requirements), shall be held for the purposes stated in the respective sections.
(2) A deposit made in this state by a domestic insurer transacting insurance in another state, province or country, and as required by the laws of such state, province or country, shall be held for the purpose or purposes specified pursuant to such laws.
(3) Deposits of foreign insurers required pursuant to the retaliatory provision, section 41-340 , Idaho Code, shall be held for such purposes as are required by such law, and as specified by the director’s order by which the deposit is required.
[41-802, added 1961, ch. 330, sec. 171, p. 645; am. 1994, ch. 240, sec. 8, p. 756; am. 2004, ch. 90, sec. 4, p. 328.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-802
What does Idaho Statutes § 41-802 cover?
Section 41-802 ("Purpose of deposit") 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 § 41-802?
A common citation format is "Idaho Statutes § 41-802" (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 § 41-802 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.