“Premium” is the consideration for insurance by whatever name called. Any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or other charge in consideration for an insurance contract is deemed part of the premium; provided that producer fees charged pursuant to section 41-1030, Idaho Code, shall not be considered a premium unless the fee relates to a surplus line policy.
Idaho Code § 41-1803
“Premium” defined
Applied in 2 court decisions — leading case Ferrell v. Allstate Insurance Co. (2007)
Most recently applied in Ferrell v. Allstate Insurance Co. (January 2007)
1961, ch. 330, § 395, p. 645; am. 2001, ch. 154, § 2, p. 557; am. 2002, ch. 359, § 2, p. 1017.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.