Idaho § 41-3112A - Advance premiums - Return premiums
Full text of Idaho Idaho Statutes § 41-3112A — Advance premiums - Return premiums, with citation guidance and answers to common questions.
§ 41-3112A. Advance premiums - Return premiums
(1) Advance premiums. A county mutual insurer having a surplus over all liabilities of not less than $50,000, including a liability for unearned premiums, and for so long as such surplus is continuously maintained, such insurer may bill and collect assessments on the advance premium basis.
(2) Return premium. Upon the termination of any policy of insurance during any effective policy year, the unearned premium shall be returned to a member policyholder in accordance with the rules for pro-rata and short rate cancelations applying to casualty insurance policies.
(3) The limitations as to the emergency fund imposed by section 41-3112 (3) shall not apply to a county mutual insurer qualifying under this section to collect premiums in advance.
[I.C., sec. 41-3112A, as added by 1965, ch. 277, sec. 1, p. 724.]
Frequently Asked Questions About Idaho § 41-3112A
What does Idaho Statutes § 41-3112A cover?
Section 41-3112A ("Advance premiums - Return premiums") 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 § 41-3112A?
A common citation format is "Idaho Statutes § 41-3112A" (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 § 41-3112A 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.