Idaho Code

Idaho Code § 41-701 (2026)

Investments.

✓ current as of May 2026

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Investments.

(1) Funds of a domestic insurer shall be invested, reinvested and used in the manner and subject to the conditions, restrictions and limitations set forth in this chapter.

(2) Investments of a foreign or alien insurer which would be authorized for a like domestic insurer shall be allowed as assets in any determination of its financial condition. Other investments of a foreign or alien insurer which are authorized by the laws of its domicile may be so allowed at the discretion of the director.

(3) The director may adopt rules establishing standards and limitations for investments by insurers that are not otherwise specifically permitted or prohibited in this chapter. In the absence of a rule prohibiting such, all assets shall be valued according to rules promulgated by the national association of insurance commissioners (NAIC), NAIC’s valuation of securities office or by NAIC’s financial condition subcommittee.

Notes of Decisions

Cited in 2 cases, 1933–2005 · leading case: Hayden Lake Fire Prot. Dist. v. Alcorn, 111 P.3d 73 (Idaho 2005).

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Hayden Lake Fire Prot. Dist. v. Alcorn, 111 P.3d 73 (Idaho 2005). · cites it 2× “The district judge stated that, “while the issues that the plaintiffs have raised concerning alleged violations of I.C. § 41-701 et seq. that pertain to the ‘eligibility1 of SIF’s real estate investments may be brought as an administrative hearing before the Department of…”

Twin Falls Land & Water Co. v. Twin Falls Canal Co., 7 F. Supp. 238 (D. Idaho 1933). “150 entitled 'An Act to provide for the safeguarding of the Rights of those Conserving Public Waters in Reservoirs and prohibiting Misappropriation of such waters by those *250 baying no Eight to the Use of the Same and declaring a Misdemeanor’ (now § 41-701 Idaho Code, 19'32i)…”

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