Section 59A-1-5 – “Insurance”.

“Insurance” is a contract whereby one undertakes to pay or indemnify another as to loss from certain specified contingencies or perils, or to pay or grant a specified amount or determinable benefit in connection with ascertainable risk contingencies, or to act as surety. History: Laws 1984, ch. 127, § 5. ANNOTATIONS Compiler’s notes. — The […]