Idaho State Statutes - Idaho Attorney Directory

In addition
to reserves for unearned premiums and losses, as to mortgage guaranty
insurance transacted by it an insurer shall establish and maintain a
contingency reserve out of net premiums (gross premiums less premiums returned
to policy holders) remaining after establishment of the unearned premium
reserve. To the contingency reserve the insurer shall contribute an amount
equal to fifty per cent (50%) of such remaining premiums. The annual
contributions to the contingency reserve made during each calendar year shall
be maintained for a period of one hundred twenty (120) months; except that in
any year in which incurred losses of the insurer under mortgage guaranty
insurance policies exceed thirty-five per cent (35%) of the corresponding
earned premiums, the insurer may withdraw from the contingency reserve an
amount equal to not more than the amount of such excess.

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