41-102. "INSURANCE" DEFINED. "Insurance" is a contract whereby one undertakes to indemnify another or pay or allow a specified or ascertainable amount or benefit upon determinable risk contingencies.
History:
[41-102, added 1961, ch. 330, sec. 2, p. 645.]
Structure Idaho Code
Chapter 1 - SCOPE OF INSURANCE CODE — GENERAL PROVISIONS
Section 41-102 - “INSURANCE” DEFINED.
Section 41-103 - “INSURER” DEFINED.
Section 41-104 - “PERSON” DEFINED.
Section 41-105 - “DIRECTOR,” “DEPARTMENT” DEFINED.
Section 41-106 - “DOMESTIC,” “FOREIGN,” “ALIEN” INSURER DEFINED.
Section 41-107 - “STATE” DEFINED.
Section 41-108 - “DOMICILE” DEFINED.
Section 41-109 - “PRINCIPAL OFFICE” DEFINED.
Section 41-110 - “AUTHORIZED,” “UNAUTHORIZED” INSURER DEFINED.
Section 41-111 - “CERTIFICATE OF AUTHORITY,” “LICENSE” DEFINED.
Section 41-112 - “TRANSACTING INSURANCE” DEFINED.
Section 41-113 - COMPLIANCE REQUIRED — PUBLIC INTEREST.
Section 41-114 - APPLICATION OF CODE AS TO PARTICULAR TYPES OF INSURERS.
Section 41-114A - SERVICE CONTRACTS.
Section 41-114B - LEGAL SERVICE EXPENSE PLANS.
Section 41-115 - PARTICULAR PROVISIONS PREVAIL.
Section 41-116 - CAPTIONS NOT TO AFFECT MEANING.
Section 41-117 - GENERAL PENALTY.
Section 41-117A - PENALTY FOR TRANSACTING INSURANCE WITHOUT PROPER LICENSING.
Section 41-118 - “CHAPTER” DEFINED.
Section 41-119 - APPLICABILITY OF CODE UNDER UNREPEALED LAWS.
Section 41-120 - CHARITABLE GIFT ANNUITIES.
Section 41-121 - EXEMPTION OF HEALTH CARE SHARING MINISTRIES FROM THE INSURANCE CODE.