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.

History:

[41-102, added 1961, ch. 330, sec. 2, p. 645.]