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State statute · Idaho

Rebates - Illegal Inducements

Idaho Code § 41-1314

Publisher
Idaho Legislature
Edition
Idaho Code s. 41-1314, current official online text, retrieved 2026-09-11
Last checked
2026-09-11
Status
US state statute
Edition and licensing notes

Publisher. Idaho Legislature (legislature.idaho.gov)

Status. US state statute; public domain.

Read the official textPractice questions from this source

What this document is

Idaho Code § 41-1314 - Rebates - Illegal Inducements is a state statute published by Idaho Legislature (legislature.idaho.gov). It is one of the Idaho documents that insurance license exam questions are written from, including idaho life & health, idaho property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Idaho Code § 41-1314(2) (Rebates - Illegal Inducements, producer compensation carve-out)
    “Nothing in this section shall be construed as prohibiting the payment of commissions or other compensation to duly licensed producers, or as prohibiting any insurer from allowing or returning to its participating policyholders, members or subscribers, the usual and ordinary dividends, savings, or...”
  • Idaho Code § 41-1314(3) (Rebates - Illegal Inducements)
    “Nothing in this section shall be construed as prohibiting a life insurer, disability insurer, property insurer or casualty insurer, or producers who are marketing life insurance, disability insurance, property insurance or casualty insurance, from providing to a policyholder or prospective...”
  • Idaho Code § 41-1314(1) (Rebates - Illegal Inducements)
    “pay or allow, or give or offer to pay, allow, or give, directly or indirectly, as inducement to such insurance or annuity or in connection therewith, any rebate of premiums payable on the contract, or of any producer’s commission related thereto, or any special favor or advantage in the dividends...”
  • Idaho Code § 41-1314(2) (Rebates - Illegal Inducements, participating-policyholder dividends)
    “Nothing in this section shall be construed as prohibiting the payment of commissions or other compensation to duly licensed producers, or as prohibiting any insurer from allowing or returning to its participating policyholders, members or subscribers, the usual and ordinary dividends, savings, or...”
  • Idaho Code § 41-1314(4) (Rebates - Illegal Inducements, extension of premium credit)
    “Extension of credit for the payment of premium beyond the customary premium payment period without charging and collecting interest at a reasonable rate per annum on the amount of credit so extended and for the duration of such credit is prohibited under this section.”
  • Idaho Code tit. 41 § 41-1314(4) (Rebates -- Illegal Inducements)
    “(4) Extension of credit for the payment of premium beyond the customary premium payment period without charging and collecting interest at a reasonable rate per annum on the amount of credit so extended and for the duration of such credit is prohibited under this section.”

Practice this material

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Questions about this source

Idaho Code § 41-1314 - Rebates - Illegal Inducements is a state statute published by Idaho Legislature (legislature.idaho.gov). Edition: Idaho Code s. 41-1314, current official online text, retrieved 2026-09-11.

No. This page summarizes the document and links to the official version. Always rely on the text published by Idaho Legislature (legislature.idaho.gov) for the current law.

Practice questions for Idaho Life & Health, Idaho Property & Casualty cite this document.

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