Terms Used In Idaho Code 41-4814

  • Hazardous financial condition: means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able:
Idaho Code 41-4803
  • Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, or any other arrangement for shifting and distributing risk which is determined to be insurance under this code. See Idaho Code 41-4803
  • Risk retention group: means any corporation or other limited liability association:
    • Idaho Code 41-4803
  • State: means any state of the United States or the District of Columbia. See Idaho Code 41-4803
    • An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, upon a finding that such a group is in a hazardous financial condition shall be enforceable in the courts of the state.