# ID Insurance Bulletin 17-03: Rate of Interest on Deferred Payment of Cash Surrendered Benefits > Idaho · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-03 ## Section - **Citation:** ID Insurance Bulletin 17-03 - **Heading:** Rate of Interest on Deferred Payment of Cash Surrendered Benefits - **Jurisdiction:** Idaho - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Idaho Department of Insurance Bulletins / Rate of Interest on Deferred Payment of Cash Surrendered Benefits ## Text State of Idaho DEPARTMENT OF INSURANCE C.L. “BUTCH” OTTER Governor 700 West State Street, 3rd Floor P.O. Box 83720 Boise, Idaho 83720-0043 Phone (208)334-4250 Fax (208)334-4398 Website: http://www.doi.idaho.gov DEAN L. CAMERON Director Equal Opportunity Employer B U L L E T I N NO. 17-03 DATE: June 30, 2017 TO: All Life Insurance Companies FROM: Dean L. Cameron Director SUBJECT: Rate of Interest on Deferred Payment of Cash Surrendered Benefits, Effective July 1, 2017 Effective July 1, 2017, insurers must pay a minimum of 6.250% on deferred payment of cash surrender values, pursuant to Idaho Code Sections 41-1927(3) and 41-1927A(3)(b). The 6.250% interest rate is computed in accordance with Idaho Code § 28-22-104 and is effective from July 1, 2017 through June 30, 2018. The Idaho State Treasurer will announce a new rate by July 1st of each succeeding year. The rate calculation can be reviewed at the State Treasurer’s website: http://sto.idaho.gov/Reports/LegalRateOfInterest.aspx. An insurer that has not tendered payments in satisfaction of a cash surrender request within thirty days of receipt of the request will be deemed to have elected to defer payment of the cash surrender benefit. The thirty day period for processing cash surrender requests will begin upon the date the request was received by the insurer or its authorized agent or representative. An insurer that elects to defer payment of a cash surrender benefit pursuant to Idaho Code Sections 41-1927 or 41- 1927A, is required to pay interest from the date on which the cash surrender request is received. ## Nearby sections - [ID Insurance Bulletin 16-05 Rate of Interest on Deferred Payment of Cash Surrendered Benefits](https://www.frixlaw.com/law-library/statutes/ID_INS_B_16-05.md) - [ID Insurance Bulletin 16-06 2017 Operative Date of the Principle-Based Valuation Manual](https://www.frixlaw.com/law-library/statutes/ID_INS_B_16-06.md) - [ID Insurance Bulletin 17-01 Extension of Transitional Plans through December 31, 2018](https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-01.md) - [ID Insurance Bulletin 17-02 Use of Revised Accounting Practices and Procedures Manual of the NAIC](https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-02.md) - [ID Insurance Bulletin 17-03 Rate of Interest on Deferred Payment of Cash Surrendered Benefits](https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-03.md) - [ID Insurance Bulletin 17-04 Bail Agent Compensation of Incarcerated Persons Prohibited](https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-04.md) - [ID Insurance Bulletin 18-01 Provisions for Health Carriers Submitting State-Based Health Benefit Plans](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-01.md) - [ID Insurance Bulletin 18-02 Clarification Regarding Coverage of Treatments for Autism Spectrum Disorder](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-02.md) - [ID Insurance Bulletin 18-03 Extension of Transitional Plans through December 31, 2019](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-03.md) - [ID Insurance Bulletin 18-04 Use of Revised Accounting Practices and Procedures Manual of the NAIC](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-04.md) - [ID Insurance Bulletin 18-05 Rate of Interest on Deferred Payment of Cash Surrendered Benefits](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-05.md) - [ID Insurance Bulletin 18-06 Certificates of Insurance](https://www.frixlaw.com/law-library/statutes/ID_INS_B_18-06.md) - [ID Insurance Bulletin 19-01 Requests that Information Submitted be Treated as Confidential and Exempt from Disclosure Under the Public Records](https://www.frixlaw.com/law-library/statutes/ID_INS_B_19-01.md) - [ID Insurance Bulletin 19-02 Extension of Transitional Plans through December 31, 2020](https://www.frixlaw.com/law-library/statutes/ID_INS_B_19-02.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ID_INS_B_17-03. Check the current official text before relying on it. Not legal advice.