Idaho Code
Idaho Code § 41-3301 (2026)
Construction and purpose.
✓ current as of May 2026
Find cases:
SyfertCases citing this section
IClegislature.idaho.gov
Justiaon Justia
CornellLII Search
CasesGoogle Scholar
Construction and purpose.
(1) This act shall be cited as the "Idaho Insurers Supervision, Rehabilitation, and Liquidation Act."
(2) This act shall not be interpreted to limit the powers granted the director by other provisions of the law.
(3) This act shall be liberally construed to effect the purpose stated in subsection (4) of this section.
(4) The purpose of this act is the protection of the interests of insureds, claimants, creditors, and the public generally, with minimum interference with the normal prerogatives of the owners and managers of insurers through:
(a) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures;
(b) Improved methods for rehabilitating insurers, involving the cooperation and management expertise of the insurance industry;
(c) Enhanced efficiency and economy of liquidation, through clarification of the law, to minimize legal uncertainty and litigation;
(d) Equitable apportionment of any unavoidable loss;
(e) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extending the scope of personal jurisdiction over debtors of the insurer outside this state; and
(f) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business.
Notes of Decisions
Cited in 4
cases (2 in the last 5 years), 1957–2025 · leading case: Pigg v. Brockman, 314 P.2d 609 (Idaho 1957).
Pigg v. Brockman, 314 P.2d 609 (Idaho 1957). “The statute as it existed at the time of the insurance, and which appellant urges as a waiver of immunity by the legislature, is as follows: “The commissioner of insurance shall have the following powers and duties: “1.”
State of Idaho Ex Rel. Soward v. USIRS, 662 F. Supp. 60 (D. Idaho 1987). “Idaho Code § 41-3301 (4) states that the purpose of the Act is to protect the interest of insureds, claimants, creditors and the public generally through early detection of a potentially dangerous condition of an insurer, improved methods of rehabilitation, enhanced efficiency…”
Principal Growth Strategies, LLC v. AGH Parent LLC (Del. Ch. 2023). “…to -962j; D.C. Code §§ 31-1301 to -1357; Ga. Code Ann. §§ 33-37-1 to -58; Haw. Rev. Stat. §§ 431:15-101 to -411; Idaho Code §§ 41-3301 to -3360; Ind. Code §§ 27-9-1-1 to -4-10; Iowa Code §§ 507C.1–.60; Kan. Stat. Ann. §§ 40-3605 to -3659; Ky. Rev. Stat. Ann. §§ 304.33-010…”
In the Matter of the Liquidation of Scottish RE (U.S.) Inc. (Del. Ch. 2025). “1 titles Iowa’s statute the “Insurers Supervision, Rehabilitation, and Liquidation Act.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.