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ReSource Pro Compliance | Insurance Licensing Services

ReSource Pro Compliance | Insurance Licensing Services

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Home » Bulletins » Idaho Issues Bulletin Regarding Rate of Interest on Deferred Payment of Cash Surrendered Benefits

Idaho Issues Bulletin Regarding Rate of Interest on Deferred Payment of Cash Surrendered Benefits

ID | The Idaho Department of Insurance has issued Bulletin No. 24-04.

Idaho Code Sections 41-1927(3) and 41-1927A(3)(b) permit an insurer to defer the payment of
any cash surrender value under a life insurance policy or individual deferred annuity when
payment of the surrender value is requested by the policyholder with surrender of the policy Continue reading.

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