Idaho State Statutes - Idaho Attorney Directory

Each licensee licensed under the
provisions of this chapter must at all times possess permissible investments
having an aggregate market value, calculated in accordance with generally
accepted accounting principles, of not less than the aggregate face amount of
all outstanding payment instruments issued or sold by the licensee in the
United States. This requirement may be waived by the director if the dollar
volume of a licensee's outstanding payment instruments does not exceed the
bond or other security devices posted by the licensee pursuant to section
26-2908, Idaho Code. Permissible investments, even if commingled with other
assets of the licensee, shall be deemed by operation of law to be held in
trust for the benefit of the purchasers and holders of the licensee's
outstanding payment instruments in the event of the bankruptcy of the
licensee, and shall be immune from attachment by creditors or judgment
holders.

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