Section 41-809 - RIGHTS OF INSURER DURING SOLVENCY.

ID Code § 41-809 (2019) (N/A)
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41-809. RIGHTS OF INSURER DURING SOLVENCY. So long as the insurer remains solvent and is in compliance with this code it may:

(1) Demand, receive, sue for and recover the income from the securities or assets deposited;

(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and

(3) At any reasonable time inspect any such deposit.

History:

[41-809, added 1961, ch. 330, sec. 178, p. 645.]