US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 19
                           LIFE INSURANCE POLICIES
                            AND ANNUITY CONTRACTS
    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 contract is
issued shall be permitted to return the life insurance policy or annuity
within twenty (20) days of its delivery to such person, and to have a refund
of the premium paid if after examination of the policy the purchaser is not
satisfied with it for any reason. The provision shall be set forth in the
policy or contract under appropriate caption, and if not so printed on the
face page of the policy or contract adequate notice of the provision shall be
printed or stamped conspicuously on the face page.
    (2)  The policy or contract may be so returned to the insurer at its home
or branch office or to the agent through whom it was applied for, and
thereupon shall be void as from the beginning and as if the policy or contract
had not been issued.