Idaho Statutes

§ 41-1803 — “PREMIUM” DEFINED

Idaho·Title 41 INSURANCE·Ch. 18 THE INSURANCE CONTRACT
"Premium" defined. "Premium" is the consideration for insurance by whatever name called. Any "assessment," or any "membership," "policy," "survey," "inspection," "service" or similar fee or other charge in consideration for an insurance contract is deemed part of the premium; provided that producer fees charged pursuant to section 41-1030, Idaho Code, shall not be considered a premium unless the fee relates to a surplus line policy.

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Legislative History

[41-1803, added 1961, ch. 330, sec. 395, p. 645; am. 2001, ch. 154, sec. 2, p. 558; am. 2002, ch. 359, sec. 2, p. 1018.]

Nearby Sections

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