Idaho Code § 41-1943

Current through the 2024 Regular Session

Section 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.

Idaho Code § 41-1943

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

Added by 2020 Session Laws, ch. 290,sec. 3, eff. 7/1/2020.