2005 Idaho Code - 41-1333 — REFUND OF UNEARNED HEALTH INSURANCE PREMIUMS

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 13
                          TRADE PRACTICES AND FRAUDS
    41-1333.  REFUND OF UNEARNED HEALTH INSURANCE PREMIUMS. If an insured
person, insured person's estate or entity cancels a health insurance policy
for any reason, the insurer or other entity regulated pursuant to the
provisions of this title shall refund the pro rata portion of the unused
collected premium to the beginning of the next monthly billing cycle. As used
in this section the term "health insurance policy" shall refer to a contract
entered into pursuant to the provisions of this title for which payment or
reimbursement is rendered to a claimant or health care provider for the
claimant's utilization of health care services which is any service rendered
to an individual for diagnosis, relief or treatment of any injury, ailment or
bodily condition. As used in this section "unused collected premium" shall
mean that portion of any premium collected which is not used, on a pro rata
basis to the beginning of the next monthly billing cycle at the time of
cancellation, by the insurer or other entity regulated pursuant to this title
to insure against loss as there is no risk of loss from the insured
individual, or that portion of any collected premium which would have not been
collected had the insured paid monthly.