Idaho § 41-1940E - ANNUITY CONSUMER PROTECTION - RECORDKEEPING
Full text of Idaho Idaho Statutes § 41-1940E — ANNUITY CONSUMER PROTECTION - RECORDKEEPING, with citation guidance and answers to common questions.
§ 41-1940E. ANNUITY CONSUMER PROTECTION - RECORDKEEPING
(1) Insurers, general agents, independent agencies, and producers shall maintain or be able to make available to the director records of the information collected from the consumer, disclosures made to the consumer including summaries of oral disclosures, and other information used in making the recommendations that were the basis for insurance transactions for five (5) years after the natural life of the contract. An insurer is permitted but shall not be required to maintain documentation on behalf of a producer.
(2) Records required to be maintained by the annuity consumer protections act may be maintained in paper, photographic, micro-process, magnetic, mechanical, or electronic media or by any process that accurately reproduces the actual document.
[41-1940E, added 2021, ch. 41, sec. 7, p. 120.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-1940E
What does Idaho Statutes § 41-1940E cover?
Section 41-1940E ("ANNUITY CONSUMER PROTECTION - RECORDKEEPING") 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 § 41-1940E?
A common citation format is "Idaho Statutes § 41-1940E" (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 § 41-1940E 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.