Idaho § 28-44-102 SCOPE — RELATION TO CREDIT INSURANCE ACT — APPLICABILITY TO PARTIES

Idaho Statutes

§ 28-44-102 — SCOPE — RELATION TO CREDIT INSURANCE ACT — APPLICABILITY TO PARTIES

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 1. INSURANCE IN GENERAL·Ch. 44 INSURANCE

(1)Except as provided in subsection (2) of this section, this chapter applies to insurance provided or to be provided in relation to a regulated consumer credit transaction, as defined in section 28-41-301, Idaho Code.

(2)The provision on cancellation by a creditor, section 28-44-304, Idaho Code, applies to loans the primary purpose of which is the financing of insurance. No other provision of this chapter applies to insurance so financed.

(3)This chapter supplements and does not repeal the credit insurance act, chapter 23, title 41, Idaho Code. The provisions of this act concerning administrative controls, liabilities, and penalties do not apply to persons acting as insurers, as defined by title 41, Idaho Code, or rules prescribed by the director of the department of insurance.

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(1) Except as provided in subsection (2) of this section, this chapter applies to insurance provided or to be provided in relation to a regulated consumer credit transaction, as defined in section 28-41-301, Idaho Code.
(2) The provision on cancellation by a creditor, section 28-44-304, Idaho Code, applies to loans the primary purpose of which is the financing of insurance. No other provision of this chapter applies to insurance so financed.
(3) This chapter supplements and does not repeal the credit insurance act, chapter 23, title 41, Idaho Code. The provisions of this act concerning administrative controls, liabilities, and penalties do not apply to persons acting as insurers, as defined by title 41, Idaho Code, or rules prescribed by the director of the department of insurance.

Idaho § 28-44-102 (SCOPE — RELATION TO CREDIT INSURANCE ACT — APPLICABILITY TO PARTIES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.