Idaho State Statutes - Idaho Attorney Directory

CREDITOR'S PROVISION OF AND CHARGE FOR INSURANCE -- EXCESS
AMOUNT OF CHARGE. (1) Except as otherwise provided in this chapter and subject
to the provision on maximum charges, section 28-42-201, Idaho Code, a creditor
may agree to provide insurance, and may contract for and receive a charge for
insurance separate from and in addition to other charges. A creditor need not
make a separate charge for insurance provided or required by him. This act
does not authorize the issuance of any insurance prohibited under any statute,
or rule thereunder, governing the business of insurance.
(2) The excess amount of a charge for insurance provided for in
agreements in violation of this chapter is an excess charge for the purposes
of the provisions of the chapter on remedies and penalties, chapter 45, title
28, Idaho Code, and of the provisions of the chapter on administration,
chapter 46, title 28, Idaho Code, as to civil actions by the administrator,
section 28-46-113, Idaho Code.

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