Idaho State Statutes - Idaho Attorney Directory

(1) As to insurance against loss or
damage to property (except as provided in section 41-607), and as to all
general casualty insurance and surety insurance, every insurer shall maintain
an unearned premium reserve on all policies in force.
(2) The director may require that such reserves shall be equal to the
unearned portions of the gross premiums in force after deducting applicable
reinsurance in solvent insurers as computed on each respective risk from the
policy's date of issue. If the director does not so require, the portions of
the gross premium in force, less applicable reinsurance in solvent insurers,
to be held as an unearned premium reserve, shall be computed according to the
following table:

Term for which policy Reserve for unearned
was written premium
1 year or less 1/2
2 years 1st year 3/4
2nd year 1/4
3 years 1st year 5/6
2nd year 1/2
3rd year 1/6
4 years 1st year 7/8
2nd year 5/8
3rd year 3/8
4th year 1/8
5 years 1st year 9/10
2nd year 7/10
3rd year 1/2
4th year 3/10
5th year 1/10
Over 5 years pro rata

(3) In lieu of computation according to the foregoing table, the insurer
at its option may compute all of such reserves on a monthly or more frequent
pro rata basis.
(4) After adopting a method for computing such reserve, an insurer shall
not change methods without approval of the insurance supervisory official of
the insurer's domicile.
(5) This section does not apply to title insurance.

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