2005 Idaho Code - 41-1332 — RETURN OF UNEARNED PREMIUM FOR DISABILITY POLICIES

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 13
                          TRADE PRACTICES AND FRAUDS
    41-1332.  RETURN OF UNEARNED PREMIUM FOR DISABILITY POLICIES.  Upon the
death of a disability policyholder, the insurer shall immediately return any
applicable unearned premium on a prorated basis for the period beginning with
the month after the month of death for which there is no risk or loss to the
company. Violation of the provisions of this section shall subject the insurer
to an administrative penalty not to exceed five thousand dollars ($5,000) for
deposit in the general account of the state of Idaho. The provisions of this
section shall not apply to credit disability insurance policies.