(1) If the director deems it necessary to value any asset involved in such an examination, he may make written request of the person being examined to appoint one or more appraisers who by reason of education, experience or special training are competent to appraise such asset. Any such appraiser shall be subject to the written approval of the director. If no such appointment is made within ten (10) days after the request therefor was delivered to such person, the director may appoint the appraiser or appraisers.
(2)  Any such appraisal shall be promptly made, and a copy of the report thereof shall be furnished to the director.
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Terms Used In Idaho Code 41-224

  • Appraisal: A determination of property value.
  • Person: means a natural person, company, corporation, unincorporated association, partnership, professional corporation and any other legal entity. See Idaho Code 41-291
(3)  The reasonable expense of the appraisal shall be borne by the person being examined.