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41-510 “REINSURANCE” DEFINED.

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Idaho Code › Title 41 › Chapter 5 › Section 41-510

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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.]

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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41-510 “REINSURANCE” DEFINED. · Idaho Code § 41-510 | Frix