1. (1) Disability insurance, including credit disability insurance, is insurance of human beings:

   1. (a) against bodily injury, disablement, or death by accident or accidental means or the medical expense or indemnity involved; or
   2. (b) against disablement or medical expense or indemnity resulting from sickness.

2. (2) Transaction of disability insurance does not include:

   1. (a) workers' compensation insurance; or
   2. (b) a direct patient care agreement established pursuant to 50-4-107.

History: En. Sec. 74, Ch. 286, L. 1959; R.C.M. 1947, 40-2903; amd. Sec. 2, Ch. 379, L. 1995; amd. Sec. 8, Ch. 262, L. 2021.