Idaho Code Title 41, Chapter 18

What this document is

Idaho Code Title 41, Chapter 18 - The Insurance Contract (Idaho Code 41-1801 through 41-1855) is a state statute published by 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 tit. 41 § 41-1809 (Alteration of Application -- Life and Disability Insurance)

  “No alteration of any written application for any life or disability insurance policy shall be made by any person other than the applicant without his written consent, except that insertions may be made by the insurer, for administrative purposes only, in such manner as to indicate clearly that such...”

• Idaho Code tit. 41 § 41-1810(1) (Application as Evidence)

  “No application for the issuance of any life or disability insurance policy or annuity contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy or contract when issued....”

• Idaho Code tit. 41 § 41-1826 (Assignment of Policies)

  “A policy may be assignable or not assignable, as provided by its terms. Subject to its terms relating to assignability, any life or disability policy, whether heretofore or hereafter issued, under the terms of which the beneficiary may be changed upon the sole request of the insured or owner, may...”

• Idaho Code tit. 41 § 41-1804(3) (Insurable Interest -- Personal Insurance)

  “"Insurable interest" as to personal insurance means that every individual has an insurable interest in the life, body and health of himself, and of other persons as follows: (a) In the case of individuals related closely by blood or by law, a substantial interest engendered by love and affection;...”

• Idaho Code tit. 41 § 41-1811 (Representations in Applications)

  “All statements and descriptions in any application for an insurance policy or annuity contract, or in negotiations therefor, by or in behalf of the insured or annuitant, shall be deemed to be representations and not warranties. Misrepresentations, omissions, concealment of facts, and incorrect...”

• Idaho Code tit. 41 § 41-1807(2) (Power to Contract -- Purchase of Insurance by Minors)

  “(2) Any minor not less than fifteen (15) years of age, notwithstanding his minority, may contract for annuities or for insurance upon his own life, body, health, property, liabilities or other interests, or on the person of another in whom the minor has an insurable interest. Such a minor shall,...”

• Idaho Code tit. 41 § 41-1830(5) (Notice of Lapse or Termination of Individual Life Insurance)

  “(5) No individual life insurance policy shall lapse or be terminated for nonpayment of premium unless the insurer, at least fourteen (14) days prior to the effective date of the lapse or termination, sends notice by first-class United States mail to the policy owner and to the policy owner's...”

• Idaho Code tit. 41 § 41-1839 (Allowance of Attorney's Fees in Suits Against or in Arbitration With Insurers)

  “(1) Any insurer issuing any policy, certificate or contract of insurance, surety, guaranty or indemnity of any kind or nature whatsoever that fails to pay a person entitled thereto within thirty (30) days after proof of loss has been furnished as provided in such policy, certificate or contract, or...”

• Idaho Code tit. 41 § 41-1806(3) (Insurable Interest -- Property)

  “The measure of an insurable interest in property is the extent to which the insured might be directly damnified by loss, injury, or impairment thereof.”

• Idaho Code tit. 41 § 41-1823(1) (Binders)

  “Binders or other contracts for temporary insurance may be made orally or in writing and shall be deemed to include all the usual terms of the policy as to which the binder was given together with such supplemental information and applicable endorsements as are designated in the binder, except as...”

• Idaho Code tit. 41 § 41-1813 (Grounds for Disapproval)

  “The director shall disapprove any form filed under section 41-1812, or withdraw any previous approval thereof, only on one or more of the following grounds:”

• Idaho Code tit. 41 § 41-1843(2) (Insurance Rates and Credit Rating)

  “As used in this section, "based primarily" means that the weight given by the insurer to an individual's credit rating or credit history exceeds the weight given by the insurer to all other criteria considered in making the decision to charge a higher premium or to cancel, nonrenew or decline to...”

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Questions about this source

More Idaho sources

• Idaho Code § 41-1314 - Rebates - Illegal InducementsState statute
• Idaho Code Title 41, Chapter 21 - Disability Insurance Policies, the Uniform Disability Policy Provision Law (Secs. 41-2101 to 41-2131)State statute
• Idaho Code Title 41, Chapter 21 - Disability Insurance Policies, the uniform disability policy provision law (Idaho Code 41-2101 through 41-2146)State statute
• Idaho Code Title 41, Chapter 22 - Group and Blanket Disability Insurance (Idaho Code 41-2201 through 41-2223)State statute
• Idaho Code Title 41, Chapter 20 - Group Life Insurance (Idaho Code 41-2001 through 41-2026)State statute
• Idaho Code Title 41, Chapter 19 - Life Insurance Policies and Annuity Contracts (Idaho Code 41-1901 through 41-1965)State statute
• Idaho Code Title 41, Chapter 43 - Idaho Life and Health Insurance Guaranty Association Act (Idaho Code 41-4301 through 41-4320)State statute
• Idaho Code Title 41, Chapter 44 - Medicare Supplement Insurance Minimum Standards (41-4401 through 41-4411) and Chapter 46 - Long-Term Care Insurance Act (41-4601 through 41-4611)State statute