STANDARDS FOR POLICY PROVISIONS FOR ANNUITIES.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS
  5. STANDARDS FOR POLICY PROVISIONS FOR ANNUITIES.

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41-1943. STANDARDS FOR POLICY PROVISIONS FOR ANNUITIES. No annuity shall be delivered or issued for delivery in this state that contains:

(1) Surrender charges that persist past ten (10) years from the time of deposit; or

(2) Surrender charges that exceed ten percent (10%) in the first year and decrease one percent (1%) per year in subsequent years.

History:

[41-1943, added 2020, ch. 290, sec. 3, p. 840.]


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