Idaho State Statutes - Idaho Attorney Directory

(1) The liquidator
shall review all claims duly filed in the liquidation and shall make such
further investigation as he shall deem necessary. He may compound, compromise
or in any other manner negotiate the amount for which claims will be
recommended to the court except where the liquidator is required by law to
accept claims as settled by any person or organization, including any guaranty
association or foreign guaranty association. Unresolved disputes shall be
determined under section 41-3339, Idaho Code. As soon as practicable, he shall
present to the court a report of the claims against the insurer with his
recommendations. The report shall include the name and address of each
claimant and the amount of the claim finally recommended, if any. If the
insurer has issued annuities or life insurance policies, the liquidator shall
report the persons to whom, according to the records of the insurer, amounts
are owed as cash surrender values or other investment value and the amounts
owed.
(2) The court may approve, disapprove, or modify, the report on claims by
the liquidator. Such reports as are not modified by the court within a period
of sixty (60) days following submission by the liquidator shall be treated by
the liquidator as allowed claims, subject thereafter to later modification or
to rulings made by the court pursuant to section 41-3339, Idaho Code. No claim
under a policy of insurance shall be allowed for an amount in excess of the
applicable policy limits.

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