28-43-205. FORM OF INSURANCE PREMIUM LOAN AGREEMENT. An agreement pursuant to which an insurance premium loan is made shall contain the names of the insurance agent or broker negotiating each policy or contract and of the insurer issuing each policy or contract, the number and inception date of, and premium for, each policy or contract, the date on which the term of the loan begins, and a clear and conspicuous notice that each policy or contract may be cancelled if payment is not made in accordance with the agreement. If a policy or contract has not been issued by the time the agreement is signed, the agreement may provide that the insurance agent or broker may insert the appropriate information in the agreement and, if he does so, shall furnish the information promptly in writing to the insured.
History:
[28-43-205, added 1983, ch. 119, sec. 3, p. 283.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 43 - REGULATION OF AGREEMENTS AND PRACTICES
Section 28-43-201 - COMPLIANCE WITH FEDERAL CONSUMER CREDIT PROTECTION ACT.
Section 28-43-202 - NOTICE OF ASSIGNMENT.
Section 28-43-203 - CHANGE IN TERMS OF OPEN-END CONSUMER CREDIT ACCOUNTS.
Section 28-43-204 - RECEIPTS — STATEMENTS OF ACCOUNT — EVIDENCE OF PAYMENT.
Section 28-43-205 - FORM OF INSURANCE PREMIUM LOAN AGREEMENT.