Idaho State Statutes - Idaho Attorney Directory

(1) In
this act, "credit insurance" means insurance, other than insurance on
property, by which the satisfaction of debt in whole or in part is a benefit
provided, but does not include:
(a) Insurance provided in relation to a credit transaction in which a
payment is scheduled more than fifteen (15) years after the extension of
credit;
(b) Insurance issued as an isolated transaction on the part of the
insurer not related to an agreement or plan for insuring debtors of the
creditor; or
(c) Insurance indemnifying the creditor against loss due to the debtor's
default.
(2) "Credit Insurance Act" means chapter 23, title 41, Idaho Code.

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