41-510. "REINSURANCE" DEFINED. "Reinsurance" is a contract under which an originating insurer (called the "ceding" insurer) procures insurance for itself in another insurer (called the "assuming" insurer or the "reinsurer") with respect to part or all of an insurance risk of the originating insurer.
History:
[41-510, added 1961, ch. 330, sec. 119, p. 645.]
Structure Idaho Code
Chapter 5 - KINDS OF INSURANCE — LIMITS OF RISK — REINSURANCE
Section 41-501 - DEFINITIONS NOT MUTUALLY EXCLUSIVE.
Section 41-502 - “LIFE INSURANCE” DEFINED.
Section 41-503 - “DISABILITY INSURANCE” DEFINED.
Section 41-504 - “PROPERTY INSURANCE” DEFINED.
Section 41-505 - “MARINE AND TRANSPORTATION INSURANCE” DEFINED.
Section 41-506 - “CASUALTY INSURANCE” DEFINED.
Section 41-507 - “SURETY INSURANCE” DEFINED.
Section 41-508 - “TITLE INSURANCE” DEFINED.
Section 41-509 - LIMIT OF RISK.
Section 41-510 - “REINSURANCE” DEFINED.
Section 41-511 - AUTHORIZED REINSURANCE.
Section 41-512 - REINSURANCE BY IMPAIRED OR WITHDRAWING INSURERS — PENALTY FOR VIOLATION.
Section 41-513 - “SHARE AND DEPOSIT INSURANCE” DEFINED.
Section 41-515 - CREDIT FOR REINSURANCE.
Section 41-515A - CREDIT FOR REINSURANCE PROCEDURES.
Section 41-516 - INDIVIDUAL OR GROUP ACCIDENT AND SICKNESS INSURANCE DEFINED.