Idaho § 41-1940D - ANNUITY CONSUMER PROTECTION - COMPLIANCE MITIGATION
Full text of Idaho Idaho Statutes § 41-1940D — ANNUITY CONSUMER PROTECTION - COMPLIANCE MITIGATION, with citation guidance and answers to common questions.
§ 41-1940D. ANNUITY CONSUMER PROTECTION - COMPLIANCE MITIGATION
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.
[41-1940D, added 2021, ch. 41, sec. 6, p. 120.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-1940D
What does Idaho Statutes § 41-1940D cover?
Section 41-1940D ("ANNUITY CONSUMER PROTECTION - COMPLIANCE MITIGATION") 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 § 41-1940D?
A common citation format is "Idaho Statutes § 41-1940D" (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 § 41-1940D 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.