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.
Idaho Code § 41-102, under SCOPE OF INSURANCE CODE — GENERAL PROVISIONS.
Idaho Code § 41-102
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.