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State Statutes - Idaho - Title 41 - Chapter 33 - 41-3332
Idaho Statutes
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41-3332 - REINSURER'S LIABILITY
The amount recoverable by the liquidator
from reinsurers shall not be reduced as a result of delinquency proceedings,
regardless of any provision in the reinsurance contract or other agreement.
Payment made directly to an insured or other creditor shall not diminish the
reinsurer's obligation to the insurer's estate except when the reinsurance
contract provided for direct coverage of a named insured and the payment was
made in discharge of that obligation.
 
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