Idaho § 41-2107 - Grace period
Full text of Idaho Idaho Statutes § 41-2107 — Grace period, with citation guidance and answers to common questions.
§ 41-2107. Grace period
There shall be a provision as follows:
"Grace Period: A grace period of….(insert a number not less than ‘7’ for weekly premium policies, ’10’ for monthly premium policies and ’31’ for all other policies) days will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force."
A policy in which the insurer reserves the right to refuse renewal shall have, at the beginning of the above provision:
"Unless not less than thirty (30) days prior to the premium due date the insurer has delivered to the insured or has mailed to his last address as shown by the records of the insurer written notice of its intention not to renew this policy beyond the period for which the premium has been accepted."
[41-2107, added 1961, ch. 330, sec. 496, p. 645.]
Frequently Asked Questions About Idaho § 41-2107
What does Idaho Statutes § 41-2107 cover?
Section 41-2107 ("Grace period") 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 § 41-2107?
A common citation format is "Idaho Statutes § 41-2107" (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 § 41-2107 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.