Sec. 31.08.13.03. Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) “Delivery by electronic means” includes:

(a) Delivery to an electronic mail address at which a party has consented to receive notice; and

(b) Posting on an electronic network, together with separate notice to a party directed to the electronic mail address at which the party has consented to receive notice of the posting.

(2) Homeowner’s Insurance.

(a) “Homeowner’s insurance” means insurance for residential property that provides one or more of the following coverages:

(i) Fire;

(ii) Extended coverage;

(iii) Vandalism and malicious mischief;

(iv) Burglary;

(v) Theft; or

(vi) Personal liability.

(b) “Homeowner’s insurance” does not include:

(i) An umbrella policy; or

(ii) Property insurance or casualty insurance issued to an individual, a sole proprietor, partnership, corporation, limited liability company, or similar entity and intended to insure against loss arising from the business pursuits of the insured entity.

(3) “Hurricane warning” means a warning by the National Hurricane Center of the National Weather Service that hurricane conditions are expected in any part of the State.

(4) “National Hurricane Center of the National Weather Service” includes:

(a) The National Hurricane Center in Miami, Florida; and

(b) A regional National Weather Service Forecast Office covering any part of the State.

(5) “Percentage deductible” means a deductible equal to a percentage of the Coverage A - Dwelling Limit of a homeowner’s insurance policy.

(6) Residential Property.

(a) “Residential property” means property that is used primarily as a residence.

(b) “Residential property” includes:

(i) A residence written on a personal farmowner’s policy form;

(ii) A condominium unit;

(iii) A mobile home; and

(iv) A multiunit building if one of the units is occupied by the owner of the building and not more than three units are occupied by tenants.

(c) “Residential property” does not include a boat.

(7) “Underwriting standards” means:

(a) Underwriting manuals, including any amendments or supplements to underwriting manuals; and

(b) The generally accepted practices of an insurer contained in written underwriting instructions, guidelines, and rules that the insurer provides for use by its underwriters and insurance producers as standards for acceptance of risk.