reglab/housing_qa huggingface dataset:
ID Code § 41-2860 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2860 - EQUITY SECURITIES OF DOMESTIC STOCK INSURANCE COMPANIES — STATEMENTS OF OWNERSHIP.

41-2860. EQUITY SECURITIES OF DOMESTIC STOCK INSURANCE COMPANIES — STATEMENTS OF OWNERSHIP. Every person who is directly or indirectly the beneficial owner of more than ten per cent (10%) of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the director of the department of insurance on or before the 1st day of July, 1965, or within ten (10) days after he becomes such beneficial owner, director or officer, a statement, in such form as the director of the department of insurance may prescribe, of the amount of all equity securities of such company of which he is the beneficial owner, and within ten (10) days after the close of each calendar month thereafter, if there has been a change in such ownership during such month, shall file in the office of the director of the department of insurance a statement, indicating his ownership at the close of the calendar month and such changes in his ownership as have occurred during such calendar month.  History: [41-2860, added 1965, ch. 294, sec. 1, p. 782.]
ID Code § 41-2861 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2861 - RECOVERY OF PROFITS RESULTING FROM UNFAIR USE OF INFORMATION.

41-2861. RECOVERY OF PROFITS RESULTING FROM UNFAIR USE OF INFORMATION. For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director or officer by reason of his relationship to such company, any profit realized by him from any purchase and sale, or any sale and purchase, of any equity security of such company within any period of less than six (6) months, unless such security was acquired in good faith in connection with a debt previously contracted, shall inure to and be recoverable by the company, irrespective of any intention on the part of such beneficial owner, director or officer in entering into such transaction of holding the security purchased or of not repurchasing the security sold for a period exceeding six (6) months. Suit to recover such profit may be instituted at law or in equity in any court of competent jurisdiction by the company, or by the owner of any security of the company in the name and in behalf of the company if the company shall fail or refuse to bring such suit within sixty (60) days after request or shall fail diligently to prosecute the same thereafter; but no such suit shall be brought more than two (2) years after the date such profit was realized. This section shall not be construed to cover any transaction where such beneficial owner was not such both at the time of the purchase and sale, or the sale and purchase, of the security involved, or any transaction or transactions which the director of the department of insurance by rules and regulations may exempt as not comprehended within the purpose of this section.  History: [41-2861, added 1965, ch. 294, sec. 2, p. 782.]
ID Code § 41-2862 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2862 - RESTRICTIONS ON SALE OF EQUITY SECURITIES.

41-2862. RESTRICTIONS ON SALE OF EQUITY SECURITIES. It shall be unlawful for any such beneficial owner, director or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal: (a) does not own the security sold; or (b) if owning the security, does not deliver it against such sale within twenty (20) days thereafter, or does not within five (5) days after such sale deposit in the mails or other usual channels of transportation; but no person shall be deemed to have violated this section if he proves that notwithstanding the exercise of good faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense.  History: [41-2862, added 1965, ch. 294, sec. 3, p. 782.]
ID Code § 41-2863 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2863 - PURCHASES AND SALES WHICH ARE EXEMPT.

41-2863. PURCHASES AND SALES WHICH ARE EXEMPT. The provisions of section 41-2861 shall not apply to any purchase and sale, or sale and purchase, and the provisions of section 41-2862 shall not apply to any sale of an equity security of a domestic stock insurance company not then or theretofore held by him in an investment account, by a dealer in the ordinary course of his business and incident to the establishment or maintenance by him of a primary or secondary market (otherwise than on an exchange as defined in the Securities Exchange Act of 1934) for such security. The director of the department of insurance may, by such rules and regulations as he deems necessary or appropriate in the public interest, define and prescribe terms and conditions with respect to securities held in an investment account and transactions made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.  History: [41-2863, added 1965, ch. 294, sec. 4, p. 782.]
ID Code § 41-2864 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2864 - FOREIGN OR DOMESTIC ARBITRAGE TRANSACTIONS EXEMPT.

41-2864. FOREIGN OR DOMESTIC ARBITRAGE TRANSACTIONS EXEMPT. The provisions of sections 41-2860—41-2862 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the director of the department of insurance may adopt in order to carry out the purposes of this act.  History: [41-2864, added 1965, ch. 294, sec. 5, p. 782.]
ID Code § 41-2865 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2865 - “EQUITY SECURITY” DEFINED.

41-2865. "EQUITY SECURITY" DEFINED. The term "equity security" when used in this act means any stock or similar security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the director of the department of insurance shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as he may prescribe in the public interest or for the protection of investors, to treat as an equity security.  History: [41-2865, added 1965, ch. 294, sec. 6, p. 782.]
ID Code § 41-2866 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2866 - CONDITIONS EXEMPTING EQUITY SECURITIES.

41-2866. CONDITIONS EXEMPTING EQUITY SECURITIES. The provisions of sections 41-2860—41-2862 shall not apply to equity securities of a domestic stock insurance company if: (a) Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; or (b) Such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of sections 41-2860—41-2862 except for the provisions of this subsection (b).  History: [41-2866, added 1965, ch. 294, sec. 7, p. 782.]
ID Code § 41-2867 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2867 - RULES AND REGULATIONS.

41-2867. RULES AND REGULATIONS. The director of the department of insurance shall have the power to make such rules and regulations as may be necessary for the execution of the functions invested in him by sections 41-2860—41-2862, and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters within his jurisdiction. No provision of sections 41-2860—41-2862 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the director of the department of insurance, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.  History: [41-2867, added 1965, ch. 294, sec. 8, p. 782.]
ID Code § 41-2869 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2869 - PURPOSE.

41-2869. PURPOSE. The purpose of sections 41-2870 through 41-2871, 41-2839(4)(c), and 41-804(3), Idaho Code, is to authorize insurance companies to utilize modern systems for holding and transferring securities without physical delivery of securities certificates, subject to appropriate regulations by the director of the department of insurance for safeguarding the assets and facilitating the director’s examination of the insurance company’s financial condition.  History: [41-2869, added 1981, ch. 174, sec. 2, p. 307.]
ID Code § 41-2870 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2870 - DEFINITIONS.

41-2870. DEFINITIONS. As used in this act: (1) "Securities" means instruments as defined in section 28-8-102(1)(o), Idaho Code. (2) "Clearing corporation" means a corporation as defined in section 28-8-102(1)(e), Idaho Code. (3) "Direct participant" means a national bank, state bank or trust company that maintains an account in its name in a clearing corporation and through which an insurance company participates in a clearing corporation. (4) "Federal reserve book-entry system" means the computerized systems sponsored by the United States department of the treasury and certain agencies and instrumentalities of the United States for holding and transferring securities of the United States government and such agencies and instrumentalities, respectively, in federal reserve banks through banks that are members of the federal reserve system. (5) "Member bank" means a national bank, state bank or trust company that is a member of the federal reserve system and to which an insurance company participates in the federal reserve book-entry system.  History: [41-2870, added 1981, ch. 174, sec. 2, p. 308; am. 2021, ch. 321, sec. 28, p. 970.]
ID Code § 41-2871 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2871 - USE OF BOOK-ENTRY SYSTEMS.

41-2871. USE OF BOOK-ENTRY SYSTEMS. (1) A domestic insurer may deposit or arrange for the deposit of securities held in or purchased for its general account and its separate accounts in a clearing corporation or the federal reserve book-entry system. When securities are deposited with a clearing corporation, certificates representing securities of the same class of the same issuer may be merged and held in bulk in the name of the nominee of such clearing corporation with any other securities deposited with such clearing corporation by any person, regardless of the ownership of such securities, and certificates representing securities of small denominations may be merged into one or more certificates of larger denominations. The records of any member bank through which an insurer holds securities in the federal reserve book-entry system, and the records of any custodian banks through which an insurer holds securities in a clearing corporation, shall at all times show that such securities are held for such insurer and for which accounts thereof. Ownership of, and other interests in, such securities may be transferred by bookkeeping entry on the books of such clearing corporation or in the federal reserve book-entry system without, in either case, physical delivery of certificates representing such securities. (2) The director of the department of insurance is authorized to promulgate rules and regulations governing the deposit by insurers of securities with clearing corporations and in the federal reserve book-entry system.  History: [41-2871, added 1981, ch. 174, sec. 2, p. 308.]
ID Code § 41-2872 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2872 - HEALTH CARE PROVIDER CONTRACTS — GRIEVANCE PROCEDURE.

41-2872. HEALTH CARE PROVIDER CONTRACTS — GRIEVANCE PROCEDURE. (1) Any stock or mutual insurer (hereinafter insurance company) issuing benefits pursuant to the provisions of this chapter shall be ready and willing at all times to enter into health care provider service contracts with all qualified health care providers of the category or categories which are necessary to provide the health care services covered by the insurance company’s policy of insurance if such health care providers: are qualified under the laws of the state of Idaho, desire to become participant health care providers of the insurance company, meet the requirements of the insurance company, and practice within the general area served by the insurance company. (2) Nothing in this section shall preclude an insurance company from refusing to contract with a health care provider who is unqualified or who does not meet the terms and conditions of the participating provider contract of the insurance company or from terminating or refusing to renew the contract of a participating health care provider who is unqualified or who does not comply with, or who refuses to comply with, the terms and conditions of the participating health care provider contract including, but not limited to, practice standards and quality requirements. The contract shall provide for written notice to the participating health care provider setting forth any breach of contract for which the insurance company proposes that the contract be terminated or not renewed and shall provide for a reasonable period of time for the participating health care provider to cure such breach prior to termination or nonrenewal. If the breach has not been cured within such period of time the contract may be terminated or not renewed. Provided however, that if the breach of contract for which the insurance company proposes that the contract be terminated or not renewed is a willful breach, fraud or a breach which poses an immediate danger to the public health or safety, the contract may be terminated or not renewed immediately. (3) Every insurance company issuing benefits pursuant to this chapter shall establish a grievance system for health care providers. Such grievance system shall provide for arbitration according to chapter 9, title 7, Idaho Code, or for such other system which provides reasonable due process provisions for the resolution of grievances and the protection of the rights of the parties. (4) Subsections (1) and (2) of this section shall apply to health care provider participation contracts entered into after July 1, 1994.  History: [41-2872, added 1994, ch. 275, sec. 1, p. 853.]
ID Code § 41-2873 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 28 - ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS|Section 41-2873 - BEST PRICE — MOST FAVORED NATIONS CLAUSE PROHIBITED.

41-2873. BEST PRICE — MOST FAVORED NATIONS CLAUSE PROHIBITED. (1) No stock or mutual insurance company (hereafter, insurance company) may require, as an element of any health care provider participation contract, that any provider agree: (a) To the unnegotiated adjustment by the insurance company of the provider’s contractual reimbursement rate to equal the lowest reimbursement rate the provider has agreed to charge any other payor; (b) To a requirement that the provider adjust, or enter into negotiations to adjust, his or her charges to the insurance company if the provider agrees to charge another payor lower rates; or (c) To a requirement that the provider disclose his or her contractual reimbursement rates from other payors. (2) For the purposes of this section, "provider" means any physician, hospital, or other person licensed or otherwise authorized to furnish health care services in Idaho.  History: [41-2873, added 1998, ch. 422, sec. 2, p. 1334.]
ID Code § 41-2901 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2901 - “RECIPROCAL” INSURANCE DEFINED.

41-2901. "RECIPROCAL" INSURANCE DEFINED. "Reciprocal" insurance is that resulting from an interexchange among persons, known as "subscribers", of reciprocal agreements of indemnity, the interexchange being effectuated through an "attorney in fact" common to all such persons.  History: [41-2901, added 1961, ch. 330, sec. 628, p. 645.]
ID Code § 41-2902 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2902 - “RECIPROCAL INSURER” DEFINED.

41-2902. "RECIPROCAL INSURER" DEFINED. A "reciprocal insurer" means an unincorporated aggregation of subscribers operating individually and collectively through an attorney in fact to provide reciprocal insurance among themselves. When all participants in a reciprocal insurer are political subdivisions of the state of Idaho, such interexchange may be accomplished by a joint exercise of powers agreement pursuant to chapter 23, title 67, Idaho Code.  History: [41-2902, added 1961, ch. 330, sec. 629, p. 645; am. 1996, ch. 245, sec. 2, p. 777.]
ID Code § 41-2903 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2903 - SCOPE OF CHAPTER — EXISTING INSURERS.

41-2903. SCOPE OF CHAPTER — EXISTING INSURERS. (1) All authorized reciprocal insurers shall be governed by those sections of this chapter not expressly made applicable to domestic reciprocals. Political subdivisions of the state of Idaho participating in a reciprocal insurance program shall retain all rights, obligations, and immunities which inure to their respective benefit or duty, without compromise or modification, as otherwise provided by law. (2) Every reciprocal insurer in its own name as in the case of an individual may purchase, receive, own, hold, lease, mortgage, pledge or encumber, and may by deed of trust or otherwise, manage and sell real estate for the purposes and objects of the reciprocal including, but not limited to, investment for the production of income, or for its accommodation in the convenient transaction of its business. Any contract including, but not limited to, deeds, leases, mortgages, deeds of trust, purchase of sale agreements or any other contract to be executed in the name of the reciprocal insurer, may be executed by the attorney designated by the subscribers of the reciprocal insurer. (3) Existing authorized reciprocal insurers shall after the effective date of this code comply with the provisions of this chapter, and shall make such amendments to their subscribers’ agreement, power of attorney, policies and other documents and accounts and perform such other acts as may be required for such compliance.  History: [41-2903, added 1961, ch. 330, sec. 630, p. 645; am. 1992, ch. 76, sec. 1, p. 214; am. 1996, ch. 245, sec. 3, p. 777.]
ID Code § 41-2904 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2904 - INSURING POWERS OF RECIPROCALS.

41-2904. INSURING POWERS OF RECIPROCALS. (1) A reciprocal insurer may, upon qualifying therefor as provided for by this code, transact any kind or kinds of insurance defined by this code, other than life or title insurances. (2) Such an insurer may purchase reinsurance, and may grant reinsurance as to any kind of insurance it is authorized to transact direct.  History: [41-2904, added 1961, ch. 330, sec. 631, p. 645.]
ID Code § 41-2905 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2905 - NAME — SUITS.

41-2905. NAME — SUITS. A reciprocal insurer shall: (1) Have and use a business name. The name shall include the word "reciprocal," or "interinsurer," or "interinsurance," or "exchange," or "underwriters," or "underwriting." (2) Sue and be sued in its own name.  History: [41-2905, added 1961, ch. 330, sec. 632, p. 645.]
ID Code § 41-2906 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2906 - SURPLUS FUNDS REQUIRED.

41-2906. SURPLUS FUNDS REQUIRED. (1) A domestic reciprocal insurer is governed, as to surplus required to be maintained, by section 41-313 or 41-313A, Idaho Code. (2) A domestic reciprocal insurer may be authorized to transact additional kinds of insurance if it has otherwise complied with the provisions of this code therefor and possesses and maintains surplus funds as to such additional kinds of insurance as provided in section 41-313, Idaho Code. (3) A domestic reciprocal insurer holding a valid certificate of authority to transact insurance in this state immediately prior to January 1, 1995, shall have a period of two (2) years from and after January 1, 1995, within which to comply with any increase in surplus requirements.  History: [41-2906, added 1961, ch. 330, sec. 633, p. 645; am. 1969, ch. 214, sec. 69, p. 625; am. 1979, ch. 318, sec. 2, p. 855; am. 1995, ch. 96, sec. 5, p. 276.]
ID Code § 41-2907 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 29 - RECIPROCAL INSURERS|Section 41-2907 - ATTORNEY.

41-2907. ATTORNEY. (1) "Attorney," as used in this chapter, refers to the attorney in fact of a reciprocal insurer. The attorney may be an individual, firm, joint powers entity, or corporation. (2) The attorney of a foreign or alien reciprocal insurer, which insurer is duly authorized to transact insurance in this state, shall not, by virtue of discharge of its duties as such attorney with respect to the insurer’s transactions in this state, be thereby deemed to be doing business in this state within the meaning of any laws of this state applying to foreign firms or corporations.  History: [41-2907, added 1961, ch. 330, sec. 634, p. 645; am. 1996, ch. 245, sec. 4, p. 777.]