State statute · Idaho

Idaho Code Title 41, Chapter 19

Life Insurance Policies and Annuity Contracts (Idaho Code 41-1901 through 41-1965)

Publisher: legislature.idaho.gov
Edition: current through the 2026 regular session
Last checked: 2026-09-02
Status: ID statutes, public domain

Edition and licensing notes

Edition. current through the 2026 regular session (source pages state: "Idaho Statutes are updated to the website July 1 following the legislative session")

Status. ID statutes, public domain (state government edict).

Read the official text Practice questions from this source

What this document is

Idaho Code Title 41, Chapter 19 - Life Insurance Policies and Annuity Contracts (Idaho Code 41-1901 through 41-1965) 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 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 ch. 19 § 41-1904 (Grace Period)
“There shall be a provision that a grace period of thirty (30) days, or, at the option of the insurer, of one (1) month of not less than thirty (30) days, or of four (4) weeks in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly, shall be...”
Idaho Code tit. 41 ch. 19 § 41-1916 (Excluded or Restricted Coverage)
“A clause in any policy of life insurance providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy, and shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict...”
Idaho Code tit. 41 ch. 19 § 41-1907 (Misstatement of Age)
“There shall be a provision that if the age of the insured or of any other person whose age is considered in determining the premium or benefit has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age or ages.”
Idaho Code tit. 41 ch. 19 § 41-1913 (Payment of Claims)
“There shall be a provision that when a policy shall become a claim by the death of the insured, settlement shall be made upon receipt of due proof of death and, at the insurer's option, surrender of the policy and/or proof of the interest of the claimant. If an insurer shall specify a particular...”
Idaho Code tit. 41 ch. 19 § 41-1911 (Reinstatement)
“There shall be a provision that unless: (1) The policy has been surrendered for its cash surrender value, or (2) Its cash surrender value has been exhausted, or (3) The paid-up term insurance, if any, has expired, the policy will be reinstated at any time within three (3) years (or two (2) years in...”
Idaho Code tit. 41 ch. 19 § 41-1909(3) (Policy Loan)
“The policy shall reserve to the insurer the right to defer the granting of a loan, other than for the payment of any premium to the insurer, for six (6) months after application therefor.”
Idaho Code tit. 41 ch. 19 § 41-1925 (Limitation of Liability)
“(b) A provision which excludes or restricts liability for death caused in a certain specified manner or occurring while the insured has a specified status, except that a policy may contain provisions excluding or restricting coverage as specified therein in the event of death under any one or more...”
Idaho Code tit. 41 ch. 19 § 41-1929(1) (Incontestability and Limitation of Liability After Reinstatement)
“(1) A reinstated policy of life insurance or annuity contract may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions as the policy provides with respect to...”
Idaho Code tit. 41 ch. 19 § 41-1935 (Life Insurance and Annuities -- Twenty Day Free Examination)
“(1) Every life insurance policy to which the provisions of section 41-1927, Idaho Code, apply and every annuity contract shall contain a provision therein or in a separate rider attached thereto when delivered, stating in substance that the person to whom the life insurance policy or annuity...”
Idaho Code tit. 41 ch. 19 § 41-1940C(2) (Annuity Consumer Protection -- Producer Training)
“(2) A producer who engages in the sale of annuity products shall complete a onetime four (4) credit training course approved by the department and provided by the department-approved education provider. Individuals who obtain a life insurance line of authority on or after July 1, 2021, may not...”

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Questions about this source

Idaho Code Title 41, Chapter 19 - Life Insurance Policies and Annuity Contracts (Idaho Code 41-1901 through 41-1965) is a state statute published by legislature.idaho.gov. Edition: current through the 2026 regular session (source pages state: "Idaho Statutes are updated to the website July 1 following the legislative session").

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

Practice questions for Idaho Life & Health cite this document.

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