reglab/housing_qa huggingface dataset:
ID Code § 41-1908 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1908 - DIVIDENDS.

41-1908. DIVIDENDS. (1) There shall be a provision in participating policies that, beginning not later than the end of the third policy year, the insurer shall annually ascertain and apportion the divisible surplus, if any, that will accrue on the policy anniversary or other dividend date specified in the policy provided the policy is in force and all premiums to that date are paid. Except as hereinafter provided, any dividend becoming payable shall at the option of the party entitled to elect such option be either: (a) Payable in cash, or (b) Applied to any one of such other dividend options as may be provided by the policy. If any such other dividend options are provided, the policy shall further state which option shall be automatically effective if such party shall not have elected some other option. If the policy specifies a period within which such other dividend option may be elected, such period shall be not less than thirty (30) days following the date on which such dividend is due and payable. The annually apportioned dividend shall be deemed to be payable in cash within the meaning of (a) above even though the policy provides that payment of such dividend is to be deferred for a specified period, provided such period does not exceed six (6) years from the date of apportionment and that interest will be added to such dividend at a specified rate. If a participating policy provides that the benefit under any paid-up nonforfeiture provision is to be participating, it may provide that any divisible surplus becoming payable or apportioned while the insurance is in force under such nonforfeiture provision shall be applied in the manner set forth in the policy. (2) In participating industrial life insurance policies, in lieu of the provision required in subsection (1) above, there shall be a provision that, beginning not later than the end of the fifth policy year, the policy shall participate annually in the divisible surplus, if any, in the manner set forth in the policy.  History: [41-1908, added 1961, ch. 330, sec. 439, p. 645.]
ID Code § 41-1910 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1910 - TABLE OF INSTALMENTS.

41-1910. TABLE OF INSTALMENTS. In case the policy provides that the proceeds may be payable in instalments which are determinable at issue of the policy, there shall be a table showing the amounts of the guaranteed instalments.  History: [41-1910, added 1961, ch. 330, sec. 441, p. 645.]
ID Code § 41-1911 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1911 - REINSTATEMENT.

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 the case of industrial life insurance policies) from the date of premium default upon written application therefor, the production of evidence of insurability satisfactory to the insurer, the payment of all premiums in arrears with interest at a rate not exceeding eight per cent (8%) per annum compounded annually and the payment or reinstatement of any other policy indebtedness with interest at a rate not exceeding the applicable policy loan rate or rates determined in accordance with the policy’s provisions.  History: [41-1911, added 1961, ch. 330, sec. 442, p. 645; am. 1993, ch. 185, sec. 1, p. 467.]
ID Code § 41-1912 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1912 - PAYMENT OF PREMIUMS.

41-1912. PAYMENT OF PREMIUMS. There shall be a provision relative to the payment of premiums.  History: [41-1912, added 1961, ch. 330, sec. 443, p. 645.]
ID Code § 41-1913 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1913 - PAYMENT OF CLAIMS.

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 period prior to the expiration of which settlement shall be made, such period shall not exceed two (2) months from the receipt of such proofs.  History: [41-1913, added 1961, ch. 330, sec. 444, p. 645.]
ID Code § 41-1914 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1914 - BENEFICIARY — INDUSTRIAL POLICIES.

41-1914. BENEFICIARY — INDUSTRIAL POLICIES. An industrial life insurance policy shall have the name of the beneficiary designated thereon with a reservation of the right to designate or change the beneficiary after the issuance of the policy. The policy may also provide that no designation or change of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer, and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured. The policy may also provide that if the beneficiary designated in the policy does not make a claim under the policy or does not surrender the policy with due proof of death within the period stated in the policy, which shall not be less than thirty (30) days after the death of the insured, or if the beneficiary is the estate of the insured, or is a minor, or dies before the insured, or is not legally competent to give a valid release, then the insurer may make any payment thereunder to the executor or administrator of the insured, or to any relative of the insured by blood or legal adoption or connection by marriage, or to any person appearing to the insurer to be equitably entitled thereto by reason of having been named beneficiary, or by reason of having incurred expense for the maintenance, medical attention or burial of the insured. The policy may also include a similar provision applicable to any other payment due under the policy.  History: [41-1914, added 1961, ch. 330, sec. 446, p. 645.]
ID Code § 41-1915 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1915 - TITLE.

41-1915. TITLE. There shall be a title on the policy, briefly describing the same.  History: [41-1915, added 1961, ch. 330, sec. 446, p. 645.]
ID Code § 41-1916 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1916 - EXCLUDED OR RESTRICTED COVERAGE.

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 coverage, whether or not such restrictions or exclusions are excepted in such clause.  History: [41-1916, added 1961, ch. 330, sec. 447, p. 645.]
ID Code § 41-1917 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1917 - STANDARD PROVISIONS — ANNUITY AND PURE ENDOWMENT CONTRACTS.

41-1917. STANDARD PROVISIONS — ANNUITY AND PURE ENDOWMENT CONTRACTS. (1) No annuity or pure endowment contract, other than reversionary annuities (also called survivorship annuities) or group annuities and except as stated herein, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in sections 41-1918 to 41-1923, inclusive, of this chapter. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein. (2) This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies.  History: [41-1917, added 1961, ch. 330, sec. 448, p. 645.]
ID Code § 41-1918 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1918 - GRACE PERIOD — ANNUITIES.

41-1918. GRACE PERIOD — ANNUITIES. In an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, there shall be a provision that there shall be a period of grace of one month, but not less than thirty (30) days, within which any stipulated payment to the insurer falling due after the first may be made, subject at the option of the insurer to an interest charge thereon at a rate to be specified in the contract but not exceeding six per cent (6%) per annum for the number of days of grace elapsing before such payment, during which period of grace the contract shall continue in full force; but in case a claim arises under the contract on account of death prior to expiration of the period of grace before the overdue payment to the insurer or the deferred payments of the current contract year, if any, are made, the amount of such payments, with interest on any overdue payments, may be deducted from any amount payable under the contract in settlement.  History: [41-1918, added 1961, ch. 330, sec. 449, p. 645.]
ID Code § 41-1919 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1919 - INCONTESTABILITY — ANNUITIES.

41-1919. INCONTESTABILITY — ANNUITIES. If any statements, other than those relating to age, sex and identity are required as a condition to issuing an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, and subject to section 41-1921 of this chapter, there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of the person or of each of the persons as to whom such statements are required, for a period of two (2) years from its date of issue, except for nonpayment of stipulated payments to the insurer; and at the option of the insurer such contract may also except any provisions relative to benefits in the event of disability and any provisions which grant insurance specifically against death by accident or accidental means.  History: [41-1919, added 1961, ch. 330, sec. 450, p. 645.]
ID Code § 41-1920 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1920 - ENTIRE CONTRACT — ANNUITIES.

41-1920. ENTIRE CONTRACT — ANNUITIES. In an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, there shall be a provision that the contract shall constitute the entire contract between the parties or, if a copy of the application is endorsed upon or attached to the contract when issued, a provision that the contract and the application therefor shall constitute the entire contract between the parties.  History: [41-1920, added 1961, ch. 330, sec. 451, p. 645.]
ID Code § 41-1921 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1921 - MISSTATEMENT OF AGE OR SEX — ANNUITIES.

41-1921. MISSTATEMENT OF AGE OR SEX — ANNUITIES. In an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, there shall be a provision that if the age or sex of the person or persons upon whose life or lives the contract is made, or of any of them, has been misstated, the amount payable or benefits accruing under the contract shall be such as the stipulated payment or payments to the insurer would have purchased according to the correct age or sex and that if the insurer shall make or has made any overpayment or overpayments on account of any such misstatement, the amount thereof with interest at the rate to be specified in the contract but not exceeding six per cent (6%) per annum, may be charged against the current or next succeeding payment or payments to be made by the insurer under the contract.  History: [41-1921, added 1961, ch. 330, sec. 452, p. 645.]
ID Code § 41-1922 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1922 - DIVIDENDS — ANNUITIES.

41-1922. DIVIDENDS — ANNUITIES. If an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.  History: [41-1922, added 1961, ch. 330, sec. 453, p. 645.]
ID Code § 41-1923 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1923 - REINSTATEMENT — ANNUITIES.

41-1923. REINSTATEMENT — ANNUITIES. In an annuity or pure endowment contract, other than a reversionary or group annuity, there shall be a provision that the contract may be reinstated at any time within one year from the default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated with interest thereon at a rate to be specified in the contract but not exceeding six per cent (6%) per annum payable annually, and in cases where applicable the insurer may also include a requirement of evidence of insurability satisfactory to the insurer.  History: [41-1923, added 1961, ch. 330, sec. 454, p. 645.]
ID Code § 41-1924 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1924 - STANDARD PROVISIONS — REVERSIONARY ANNUITIES.

41-1924. STANDARD PROVISIONS — REVERSIONARY ANNUITIES. (1) Except as stated herein, no contract for a reversionary annuity shall be delivered or issued for delivery in this state unless it contains in substance each of the following provisions: (a) Any such reversionary annuity contract shall contain the provisions specified in sections 41-1918 through 41-1922 except that under section 41-1918 the insurer may at its option provide for an equitable reduction of the amount of the annuity payments in settlement of an overdue payment in lieu of providing for deduction of such payments from an amount payable upon settlement under the contract. (b) In such reversionary annuity contracts there shall be a provision that the contract may be reinstated at any time within three years from the date of default in making stipulated payments to the insurer, upon production of evidence of insurability satisfactory to the insurer, and upon condition that all overdue payments and any indebtedness to the insurer on account of the contract be paid, or, within the limits permitted by the then cash values of the contract, reinstated, with interest as to both payments and indebtedness at a rate to be specified in the contract but not exceeding six per cent (6%) per annum compounded annually. (2) This section shall not apply to group annuities or to annuities included in life insurance policies, and any of such provisions not applicable to single premium annuities shall not to that extent be incorporated therein.  History: [41-1924, added 1961, ch. 330, sec. 455, p. 645.]
ID Code § 41-1925 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1925 - LIMITATION OF LIABILITY.

41-1925. LIMITATION OF LIABILITY. (1) No policy of life insurance shall be delivered or issued for delivery in this state if it contains any of the following provisions: (a) A provision for a period shorter than that provided by statute within which an action at law or in equity may be commenced on such a policy. (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 of the following circumstances: (i) Death as a result, directly or indirectly, of war, declared or undeclared, or of action by military forces, or of any act or hazard of such war or action, or of service in the military, naval, or air forces or in civilian forces auxiliary thereto, or from any cause while a member of such military, naval, or air forces of any country at war, declared or undeclared, or of any country engaged in such military action; (ii) Death as a result of aviation or any air travel or flight; (iii) Death as a result of a specified hazardous occupation or occupations; (iv) Death while the insured is a resident outside continental United States and Canada; or (v) Death within two (2) years from the date of issue of the policy as a result of suicide, while sane or insane. (2) A policy which contains any exclusion or restriction pursuant to subsection (1) of this section shall also provide that in the event of death under the circumstances to which any such exclusion or restriction is applicable, the insurer will pay an amount not less than a reserve determined according to the commissioners reserve valuation method upon the basis of the mortality table and interest rate specified in the policy for the calculation of nonforfeiture benefits (or if the policy provides for no such benefits, computed according to a mortality table and interest rate determined by the insurer and specified in the policy) with adjustment for indebtedness or dividend credit. (3) This section shall not apply to group life insurance, disability insurance, reinsurance, or annuities, or to any provision in a life insurance policy or contract supplemental thereto relating to disability benefits or to additional benefits in the event of death by accident or accidental means. (4) Nothing contained in this section shall prohibit any provision which in the opinion of the director is more favorable to the policyholder that a provision permitted by this section.  History: [41-1925, added 1961, ch. 330, sec. 456, p. 645.]
ID Code § 41-1926 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1926 - PROHIBITED PROVISIONS — INDUSTRIAL LIFE INSURANCE.

41-1926. PROHIBITED PROVISIONS — INDUSTRIAL LIFE INSURANCE. No policy of industrial life insurance shall contain any of the following provisions: (1) A provision by which the insurer may deny liability under the policy for the reason that the insured has previously obtained other insurance from the same insurer. (2) A provision giving the insurer the right to declare the policy void because the insured has had any disease or ailment, whether specified or not, or because the insured has received institutional, hospital, medical or surgical treatment or attention, except a provision which gives the insurer the right to declare the policy void if the insured has, within two years prior to the issuance of the policy, received institutional, hospital, medical or surgical treatment or attention and if the insured or claimant under the policy fails to show that the condition occasioning such treatment or attention was not of a serious nature or was not material to the risk. (3) A provision giving the insurer the right to declare the policy void because the insured has been rejected for insurance, unless such right be conditioned upon a showing by the insurer that knowledge of such rejection would have led to a refusal by the insurer to make such contract.  History: [41-1926, added 1961, ch. 330, sec. 457, p. 645.]
ID Code § 41-1928 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1928 - NONFORFEITURE BENEFITS — CERTAIN INTERIM POLICIES.

41-1928. NONFORFEITURE BENEFITS — CERTAIN INTERIM POLICIES. (1) Each life insurance policy issued between the effective date of this code and the operative date of section 41-1927 (standard nonforfeiture law) shall contain: (a) An automatic nonforfeiture provision, which must be either a loan, a paid-up policy, or an extended term, to which the policyholder is entitled in the event of default in a premium payment after three (3) full annual premiums shall have been paid. (b) Tables showing in figures the cash, paid-up and extended insurance options available under the policy each year upon default in premium payments, during the first twenty (20) years of the policy, or for its life if maturity is less than twenty (20) years. (c) At the insurer’s option, a provision that the insurer shall have the right to defer payment of the cash value for a period not exceeding six (6) months. (2) The value of the options referred to in subdivision (b) above, shall be equivalents based on the reserves which shall be computed according to the tables of mortality and rate of interest named in the policy, and according to a basis and method of valuation acceptable under section 41-612(3) (standard valuation law), less a specified surrender charge, not exceeding two and one-half per cent (2 1/2%) of the amount of insurance. Provided, however, that if the benefits under the policy are calculated according to a more modern table than the American experience table of mortality, the value of any extended term insurance, with accompanying pure endowment, if any, may be calculated according to rates of mortality not exceeding one hundred thirty per cent (130%) of the rates according to such more modern table. (3) Any of the foregoing provisions or portions thereof not applicable to single premium or term policies need not to that extent be incorporated therein. This section shall not apply to industrial insurance, annuities, pure endowments with or without return premium, and policies of reinsurance.  History: [41-1928, added 1961, ch. 330, sec. 459, p. 645.]
ID Code § 41-1929 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1929 - INCONTESTABILITY AND LIMITATION OF LIABILITY AFTER REINSTATEMENT.

41-1929. 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 contestability after original issuance. (2) When any life insurance policy or annuity contract is reinstated, such reinstated policy or contract may exclude or restrict liability to the same extent that such liability could have been or was excluded or restricted when the policy or contract was originally issued, and such exclusion or restriction shall be effective from the date of reinstatement.  History: [41-1929, added 1961, ch. 330, sec. 460, p. 645.]
ID Code § 41-1930 (2021)
2021 Idaho Code|Title 41 - INSURANCE|Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS|Section 41-1930 - POLICY SETTLEMENTS.

41-1930. POLICY SETTLEMENTS. Any life insurer shall have the power to hold under agreement the proceeds of any policy issued by it, upon such terms and restrictions as to revocation by the policyholder and control by beneficiaries, and with such exemptions from the claims of creditors of beneficiaries other than the policyholder as set forth in the policy or as agreed to in writing by the insurer and the policyholder. Upon maturity of a policy, in the event the policyholder has made no such agreement, the insurer shall have the power to hold the proceeds of the policy under an agreement with the beneficiaries. The insurer shall not be required to segregate the funds so held but may hold them as part of its general assets.  History: [41-1930, added 1961, ch. 330, sec. 461, p. 645.]