Idaho § 41-606 - Unearned premium reserve
Full text of Idaho Idaho Statutes § 41-606 — Unearned premium reserve, with citation guidance and answers to common questions.
§ 41-606. Unearned premium reserve
(1) As to insurance against loss or damage to property (except as provided in section 41-607 ), and as to all general casualty insurance and surety insurance, every insurer shall maintain an unearned premium reserve on all policies in force.
(2) The director may require that such reserves shall be equal to the unearned portions of the gross premiums in force after deducting applicable reinsurance in solvent insurers as computed on each respective risk from the policy’s date of issue. If the director does not so require, the portions of the gross premium in force, less applicable reinsurance in solvent insurers, to be held as an unearned premium reserve, shall be computed according to the following table:
Term for which policy was written
Reserve for unearned premium
1 year or less
1/2
2 years
1st year
3/4
2nd year
1/4
3 years
1st year
5/6
2nd year
1/2
3rd year
1/6
4 years
1st year
7/8
2nd year
5/8
3rd year
3/8
4th year
1/8
5 years
1st year
9/10
2nd year
7/10
3rd year
1/2
4th year
3/10
5th year
1/10
Over 5 years
pro rata
(3) In lieu of computation according to the foregoing table, the insurer at its option may compute all of such reserves on a monthly or more frequent pro rata basis.
(4) After adopting a method for computing such reserve, an insurer shall not change methods without approval of the insurance supervisory official of the insurer’s domicile.
(5) This section does not apply to title insurance.
[41-606, added 1961, ch. 330, sec. 127, p. 645.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-606
What does Idaho Statutes § 41-606 cover?
Section 41-606 ("Unearned premium reserve") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-606?
A common citation format is "Idaho Statutes § 41-606" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-606 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.