T41CH24

Title 41 > T41CH24

Sections (1)

41-2401

TITLE 41 INSURANCE CHAPTER 24 PROPERTY INSURANCE CONTRACTS 41-2401. Standard fire policy. (1) No fire insurer shall issue any fire insurance policy covering on property or interest therein in this state, other than on the form known as the New York standard as revised in 1943, except as follows: (a) An insurer may print on or in its policy its name, location, date of incorporation, plan of operation, whether stock, mutual, reciprocal or organized under special charter provisions, and if mutual or reciprocal whether on cash premium or assessment plan; and if it be a stock company, the amount of its paid up capital stock, the names of its officers and agents, the number and date of the policy, and, if it is issued by an agent, the words, this policy shall not be valid until countersigned by the duly authorized agent of the company at …. ; and, if a mutual or reciprocal insurer, the policy must state the contingent liability, if any, of its policyholders, members, or subscribers for payment of losses and expenses not provided for by its cash funds. (b) An insurer may print or use in its policies printed forms of description and specifications of the property insured. (c) An insurer insuring against damage by lightning may print in the clause enumerating the perils insured against the additional words, also any damage by lightning whether fire ensues or not, and in the clause providing for an apportionment of loss in case of other insurance the words, whether by fire, lightning or both. (d) A domestic insurer may print in its policies any provisions which it is authorized or required by the law to insert therein, and any foreign insurer may, with the approval of the director, so print any provision required by its charter or deed of settlement, or by the laws of its own state or country, not contrary to the laws of this state; but the director shall require any provision which, in his opinion modifies the contract of insurance in such a way as to affect the question of loss, to be appended to the policy by an endorsement or rider as hereinafter provided. (e) The blanks in the standard form may be completed in print or in writing. (f) An insurer may print upon policies issued in compliance with the preceding provisions of this section the words, Idaho standard policy. (g) An insurer may write upon the margin or across the face of the policy, or write or print in type not smaller than nonpareil upon a slip, slips, rider or riders to be attached thereto, provisions adding to or relating to those contained in the standard form; and all such slips, riders, endorsements and provisions must be signed by the officers or agents of the insurer so using them. (h) If the policy be made by a mutual, reciprocal or other insurer having special regulations lawfully applicable to its organization, membership, policies or contracts of insurance such regulations shall apply to and form a part of the policy as the same may be written or printed upon, attached or appende