41-2652 AUTHORITY TO TRANSACT BUSINESS. - Idaho Statutes

TITLE 41

INSURANCE

CHAPTER 26

SURETY INSURANCE CONTRACTS

CHAPTER 26A

MORTGAGE GUARANTY INSURANCE

41-2652. Authority to transact business. Mortgage guaranty insurance may be transacted only by a stock insurer while possessing and maintaining paid-in capital stock of not less than one million five hundred thousand dollars ($1,500,000) and surplus of not less than one million five hundred thousand dollars ($1,500,000) and duly authorized to transact insurance in this state. The insurer shall not transact in any jurisdiction any kind of insurance other than mortgage guaranty insurance.