§ 26.1-52-02 — Definitions

As used in this chapter:
1. "Basic property insurance" means insurance against direct loss to property as defined
and limited in standard fire policies and extended coverage endorsements thereon.
2. "Homeowners insurance" means insurance on owner-occupied dwellings providing
personal multiperil property and liability coverage.
3. "Insurer" means an insurance company authorized to write and that is engaged in
writing in North Dakota, on a direct basis, basic property and homeowners insurance
or components thereof.
4. "North Dakota property insurance placement facility" or "facility" means the
organization formed by insurers to assist applicants in securing basic property or
homeowners insurance.