Statutes > Idaho Statutes > TITLE 41 INSURANCE > CHAPTER 1 SCOPE OF INSURANCE CODE -- GENERAL PROVISIONS > 41-102 "INSURANCE" DEFINED.

41-102 "INSURANCE" DEFINED.

TITLE 41

INSURANCE

CHAPTER 1

SCOPE OF INSURANCE CODE -- GENERAL PROVISIONS

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.