Idaho § 41-1958 - Disclosure to Owner By Broker Upon Settlement Contract
Full text of Idaho Idaho Statutes § 41-1958 — Disclosure to Owner By Broker Upon Settlement Contract, with citation guidance and answers to common questions.
§ 41-1958. Disclosure to Owner By Broker Upon Settlement Contract
A life settlement broker shall provide the owner with at least the following disclosures prior to the time the owner signs the life settlement contract. The disclosures shall be conspicuously displayed in the life settlement contract or in a separate document signed by the owner and provide the following information:
(1) The name, business address and telephone number of the life settlement broker;
(2) A full, complete and accurate description of all offers, counteroffers, acceptances and rejections relating to the proposed life settlement contract;
(3) A written disclosure of any affiliations or contractual arrangements between the life settlement broker and any person making an offer in connection with the proposed life settlement contracts;
(4) The amount and method of calculating the broker’s compensation, which term "compensation" includes anything of value to be paid or given to a life settlement broker for the placement of a policy; and
(5) Where any portion of the life settlement broker’s compensation is taken from a proposed life settlement offer, the total amount of the life settlement offer and the percentage of the life settlement offer comprised by the life settlement broker’s compensation.
[41-1958, added 2009, ch. 69, sec. 1, p. 199.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-1958
What does Idaho Statutes § 41-1958 cover?
Section 41-1958 ("Disclosure to Owner By Broker Upon Settlement Contract") 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 § 41-1958?
A common citation format is "Idaho Statutes § 41-1958" (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 § 41-1958 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.