Idaho § 41-3220 - Nonforfeiture benefits, cash surrender values, certificate loans and other options
Full text of Idaho Idaho Statutes § 41-3220 — Nonforfeiture benefits, cash surrender values, certificate loans and other options, with citation guidance and answers to common questions.
§ 41-3220. Nonforfeiture benefits, cash surrender values, certificate loans and other options
(1) For certificates issued prior to one (1) year after the effective date of this act, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the provisions of law applicable immediately prior to the effective date of this act.
(2) For certificates issued on or after one (1) year from the effective date of this act for which reserves are computed on the commissioner’s 1941 standard ordinary mortality table, the commissioner’s 1941 standard industrial table or the commissioner’s 1958 standard ordinary mortality table, or the commissioner’s 1980 standard mortality table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits based upon such tables.
[41-3220, added 1995, ch. 213, sec. 2, p. 734.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 41-3220
What does Idaho Statutes § 41-3220 cover?
Section 41-3220 ("Nonforfeiture benefits, cash surrender values, certificate loans and other options") 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 § 41-3220?
A common citation format is "Idaho Statutes § 41-3220" (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 § 41-3220 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.