Standards for policy provisions for annuities
Known as the Life Settlements Act
The act spans §§ 41–41 (61 sections).
I.C., § 41-1943, as added by 2020, ch. 290, § 3, p. 837.
No annuity shall be delivered or issued for delivery in this state that contains:
(1) Surrender charges that persist past ten (10) years from the time of deposit; or
(2) Surrender charges that exceed ten percent (10%) in the first year and decrease one percent (1%) per year in subsequent years.
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.