# Idaho Code § 41-2652: 41-2652 AUTHORITY TO TRANSACT BUSINESS

> Idaho · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2652

## Section

- **Citation:** Idaho Code § 41-2652
- **Heading:** 41-2652 AUTHORITY TO TRANSACT BUSINESS
- **Jurisdiction:** Idaho
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Idaho Code / Title 41 / Chapter 26A / Section 41-2652

## Text

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.

History:

[I.C., sec. 41-2652, as added by 1972, ch. 79, sec. 1, p. 159; am. 1994, ch. 240, sec. 6, p. 755.]

## Nearby sections

- [Idaho Code § 41-2650 41-2650 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2650.md)
- [Idaho Code § 41-2651 41-2651 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2651.md)
- [Idaho Code § 41-2652 41-2652 AUTHORITY TO TRANSACT BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2652.md)
- [Idaho Code § 41-2653 41-2653 LIMITS OF RISK.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2653.md)
- [Idaho Code § 41-2654 41-2654 RESERVES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2654.md)
- [Idaho Code § 41-2655 41-2655 SCHEDULE OF PREMIUM CHARGES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2655.md)
- [Idaho Code § 41-2656 41-2656 ADVERTISING.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2656.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ID_T41_C26A_S41-2652. Check the current official text before relying on it. Not legal advice.