TITLE 41

INSURANCE

CHAPTER 25

CASUALTY INSURANCE CONTRACTS

41-2506.  Cancellation of policies — Definitions. (1) As used in sections 41-2506 through 41-2512, Idaho Code:

(a)  "Policy" means any one (1) or more of the following portions of an automobile insurance policy, delivered or issued for delivery in this state, insuring a natural person as named insured, or one (1) or more related individuals resident of the same household, and under which the insured vehicles therein designated are motor vehicles of the private passenger or station wagon type (not used for public or livery conveyance of passengers, or rented to others) or any other four-wheel motor vehicles with a load capacity of fifteen thousand (15,000) pounds or less not used in the occupation, profession, or business of the insured and:

(i)   Insuring against bodily injury and property damage liability;

(ii)  Insuring against physical damage;

(iii) Insuring against risks commonly included under "comprehensive coverage";

(iv)  Relating to medical payments;

(v)   Providing uninsured motorist coverage.

(b)  Policy does not mean automobile liability insurance:

(i)   Issued under an assigned risk plan; or

(ii)  Covering garage, automobile sales agency, repair shop, service station, or public parking place operation hazards.

(c)  "Renewal" or "to renew" means the issuance and delivery by an insurer of a policy superseding at the end of the policy period a policy previously issued and delivered by the same insurer, or the issuance and delivery of a certificate or notice extending the term of a policy beyond its policy period or term. Any policy with a policy period or term of less than six (6) months or any policy with no fixed expiration date shall for the purpose of this section be considered as if written for successive policy periods or terms of six (6) months.

(d)  "Nonpayment of premium" means failure of the named insured to discharge when due any of his obligations in connection with the payment of premiums on a policy or any installment of such premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit.

(2)  Sections 41-2506 through 41-2512, Idaho Code, shall not apply to any policy that has been in effect less than sixty (60) days at the time notice of cancellation is mailed or delivered by the insurer, unless it is a renewal policy.

History:

[41-2506, added 1969, ch. 214, sec. 59, p. 625; am. 2021, ch. 42, sec. 4, p. 125.]