Idaho § 41-1940D ANNUITY CONSUMER PROTECTION — COMPLIANCE MITIGATION

Idaho Statutes

§ 41-1940D — ANNUITY CONSUMER PROTECTION — COMPLIANCE MITIGATION

Idaho § 41-1940D

Title 41INSURANCE

Ch. 19LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS

This text of Idaho § 41-1940D (ANNUITY CONSUMER PROTECTION — COMPLIANCE MITIGATION) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-1940D (2026).

Text

An insurer is responsible for compliance with the annuity consumer protections act. If a violation occurs, either because of the action or inaction of the insurer or its producer, the director may order:

(1)An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this regulation by the insurer, by an entity contracted to perform the insurer’s supervisory duties, or by the producer;

(2)A general agency, an independent agency, or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer’s violation of this regulation; and

(3)Appropriate penalties and sanctions.

Free access — add to your briefcase to read the full text and ask questions with AI

An insurer is responsible for compliance with the annuity consumer protections act. If a violation occurs, either because of the action or inaction of the insurer or its producer, the director may order:
(1) An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this regulation by the insurer, by an entity contracted to perform the insurer’s supervisory duties, or by the producer;
(2) A general agency, an independent agency, or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer’s violation of this regulation; and
(3) Appropriate penalties and sanctions.