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State Statutes
- Idaho
- Title 41
- Chapter 38
- 41-3810
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| Idaho Statutes |
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| 41-3810 - VERIFICATION OF INFORMATION |
(1) Subject to the limitations contained in this section and in addition to the powers which the director has under chapter 2, title 41, Idaho Code, relating to the examination of insurers, the director shall also have the power to order any insurer registered under the provisions of this chapter to produce such records, books, or papers in the possession of the insurer or its affiliates as are reasonably necessary to ascertain the financial condition of such insurer or to determine compliance with this chapter. In the event such insurer fails to comply with such order, the director shall have the power to examine such affiliates to obtain such information. (2) The director may retain at the registered insurer's expense such attorneys, actuaries, accountants and other experts not otherwise a part of the director's staff as shall be reasonably necessary to assist in the conduct of the examination under subsection (1) of this section. Any persons so retained shall be under the direction and control of the director and shall act in a purely advisory capacity. (3) Each registered insurer producing for examination records, books and papers pursuant to subsection (1) of this section shall be liable for and shall pay the expense of such examination in accordance with the provisions of section 41-228, Idaho Code. |
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