Idaho Code
Idaho Code

Idaho Code § 41-1314 (2026)

Rebates — Illegal inducements. 

✓ current as of May 2026
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Rebates — Illegal inducements. 

(1) Except as otherwise expressly provided by law, no person shall knowingly make, permit to be made, or offer to make any contract of insurance, or of annuity, or agreement as to such contract, other than as plainly expressed in the contract issued thereon, or pay or allow, or give or offer to pay, allow, or give, directly or indirectly, as inducement to such insurance or annuity or in connection therewith, any rebate of premiums payable on the contract, or of any producer’s commission related thereto, or any special favor or advantage in the dividends or other benefits thereon, or any paid employment or contract for services of any kind, or any valuable consideration or inducement whatever not specified in the contract; or directly or indirectly give, or sell, or purchase or offer or agree to give, sell, purchase, or allow as inducement to such insurance or annuity or in connection therewith, and whether or not specified or to be specified in the policy or contract, any agreement of any form or nature promising returns and profits, or any stocks, bonds, or other securities, or interest present or contingent therein or as measured thereby, of any insurer or other person, or any dividends or profits accrued or to accrue thereon; or offer, promise or give anything of value whatsoever not specified in the contract. Nor shall any insured, annuitant, or policyholder or employee thereof, or prospective insured, annuitant or policyholder, or employee thereof, knowingly accept or receive, directly or indirectly, any such prohibited contract, agreement, rebate, advantage, employment, or other inducement.

(2)  Nothing in this section shall be construed as prohibiting the payment of commissions or other compensation to duly licensed producers, or as prohibiting any insurer from allowing or returning to its participating policyholders, members or subscribers, the usual and ordinary dividends, savings, or unabsorbed premium deposits.
(3)  Nothing in this section shall be construed as prohibiting a life insurer, disability insurer, property insurer or casualty insurer, or producers who are marketing life insurance, disability insurance, property insurance or casualty insurance, from providing to a policyholder or prospective policyholder of life, disability, property or casualty insurance, any prizes, goods, wares, merchandise, articles or property of an aggregate value not to exceed two hundred dollars ($200) in a calendar year.
(4)  Extension of credit for the payment of premium beyond the customary premium payment period without charging and collecting interest at a reasonable rate per annum on the amount of credit so extended and for the duration of such credit is prohibited under this section.
Notes of Decisions
Cited in 3 cases, 1991–1997 · leading case: Cox v. Dep't of Ins., State, 823 P.2d 177 (Idaho Ct. App. 1991).
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Cox v. Dep't of Ins., State, 823 P.2d 177 (Idaho Ct. App. 1991). · cites it 22× “Idaho Code § 41-1314 (1) states in pertinent part: No person shall knowingly [1] make .”
Ins. Comm'r for the State v. Engelman, 692 A.2d 474 (Md. 1997). “§ 431:13-103; Idaho Code §§ 41-1314 , 41-2708; Ill.Rev.”
Haderlie v. Comm'r, 1997 T.C. Memo. 525 (Tax Ct. 1997). “The only wrongdoing was a rebating of the premium to petitioner by Schwab.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.