There is a newer version of the Idaho Code and Statutes
2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 19 - LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS
Section 41-1931 - INDEBTEDNESS DEDUCTED FROM PROCEEDS.
ID Code § 41-1931 (2016) What's This?
41-1931. Indebtedness deducted from proceeds. In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:
(1) Any unpaid premiums or instalments thereof for the current policy year due under the terms of the policy, and of
(2) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
History:
[41-1931, added 1961, ch. 330, sec. 462, p. 645.]
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