Terms Used In Idaho Code 41-4806

  • Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, or any other arrangement for shifting and distributing risk which is determined to be insurance under this code. See Idaho Code 41-4803
  • Risk retention group: means any corporation or other limited liability association:
Idaho Code 41-4803
  • State: means any state of the United States or the District of Columbia. See Idaho Code 41-4803
    • No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund or similar mechanism in this state, nor shall any risk retention group, or its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.