2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 31 - COUNTY MUTUAL INSURERS
Section 41-3111 - ADVANCE PAYMENTS BY MEMBERS.

ID Code § 41-3111 (2016) What's This?

41-3111. Advance payments by members. The insurer shall not charge the member, and no member of the insurer shall pay to the insurer, in connection with the inception of insurance in the insurer or any renewal or continuation of such insurance, any charge or amount in excess of such amount as may be reasonably necessary for payment of the member's share of the insurer's expenses (exclusive of insured losses incurred) to be incurred during the next succeeding twelve (12) months, and for maintenance or replenishment of the emergency fund provided for in section 41-3112(3). This provision shall not be deemed to prohibit the levy and collection of assessments for payment of incurred losses or for maintenance of the emergency fund, as provided for in section 41-3112, nor collection of membership or policy fees in fixed nominal amounts.

History:
[41-3111, added 1961, ch. 330, sec. 669, p. 645.]

Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.