41-3703 TRUST AGREEMENTS AMONG A GROUP OF HOSPITALS AUTHORIZED. - Idaho Statutes

TITLE 41

INSURANCE

CHAPTER 37

IDAHO HOSPITAL LIABILITY TRUST ACT

41-3703. Trust agreements among a group of hospitals authorized. The establishment, maintenance, administration and operation of any trust, established by agreement of hospitals, properly licensed by the state of Idaho, with such hospitals as grantors and beneficiaries, for the purpose of insuring against general public liability claims based upon acts or omissions of such hospitals, including but not limited to, claims based upon malpractice, is hereby authorized. A hospital trust may also insure against general public liability claims, including but not limited to, malpractice claims based upon acts or omissions of any employee, authorized volunteer worker or member of a medical staff committee, while acting within the scope of his duties as such, of a member hospital. Such hospitals may, by trust agreement among themselves and a trustee or trustees of their selection, specify the terms, conditions and provisions of such a trust, upon compliance with the conditions set forth in this act.