Idaho Code
Idaho Code

Idaho Code § 72-902 (2026)

State insurance manager — Powers and duties of state insurance manager. 

✓ current as of May 2026
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State insurance manager — Powers and duties of state insurance manager. 

The board of directors of the state insurance fund shall appoint a manager of the state insurance fund, whose duties, subject to the direction and supervision of the board, shall be to conduct the business of the state insurance fund, and do any and all things which are necessary and convenient in the administration thereof, or in connection with the insurance business to be carried on under the provisions of this chapter. The manager shall have skill and expertise in managing and administering within the insurance industry, shall be of good moral character and shall be bonded in the time, form and manner as prescribed by chapter 8, title 59, Idaho Code.

Notes of Decisions
Cited in 5 cases, 1962–2009 · leading case: Farber v. Idaho State Ins. Fund, 208 P.3d 289 (Idaho 2009).
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Farber v. Idaho State Ins. Fund, 208 P.3d 289 (Idaho 2009). · cites it 6× “§ 72-915 together with I.C. § 72-902 makes clear that the Manager has the discretion to determine how to distribute the dividend.”
State Ex Rel. Williams v. Musgrave, 370 P.2d 778 (Idaho 1962). · cites it 8× “* * *" I.C. § 72-902. "a. The manager shall have full power to determine the rates to be charged for insurance in said fund, and to conduct all business in relation thereto, all of which business shall be conducted in the name of the state insurance manager.”
Hayden Lake Fire Prot. Dist. v. Alcorn, 111 P.3d 73 (Idaho 2005). · cites it 2× “” Before 1998, I.C. § 72-902 contained a paragraph specifically describing the SIF’s ability to invest in office space (“The state insurance manager may acquire real property as a site for an office building.”
Bd. of Cnty. Commissioners v. Idaho Health Facilities Auth., 531 P.2d 588 (Idaho 1975). · cites it 4× “I.C. §§ 72-902 — 72-906, 72-912 and 72-928.”
Randolph E. Farber v. The Idaho State Ins. Fund (Idaho 2009). · cites it 6× “§ 72-915 together with I.C. § 72-902 makes clear that the Manager has the discretion to determine how to distribute the dividend.”
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