When newly organized, a domestic mutual insurer may be authorized to transact any one of the kinds of insurance defined in sections 41-502 through 41-506 , Idaho Code, if it has otherwise complied with the provisions of title 41 , Idaho Code, and possesses and maintains surplus funds as provided in section 41-313 or 41-3102A , Idaho Code.

[41-2820, added 1961, ch. 330, sec. 588, p. 645; am. 1995, ch. 96, sec. 2, p. 274.]