The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:
Assigned Risk Plan-As defined in section 7 of the Motor Vehicle Financial Responsibility Law, 75 Pa.C.S. § 1702 (relating to definitions).
Commissioner-The Insurance Commissioner of the Commonwealth.
Department-The Insurance Department of the Commonwealth.
Governing committee-The governing body that administers the Plan.
Nonfleet-Four or fewer motor vehicles of any type.
Plan-Assigned Risk Plan.
Producer-An agent or broker, certified or licensed, by the Department to conduct business and certified by the Plan.
Producer of record-The agent or broker, certified or licensed, by the Department to conduct business, certified by the Plan and whose signature appears on the application for insurance.
Risk-Refers to private passenger nonfleet vehicles.
Take-out-An offer from the assigned company to write voluntary market coverage for a private passenger nonfleet automobile risk insured by the Plan.
Take-out notice-A notice from the assigned company offering voluntary market coverage to a private passenger nonfleet automobile risk insured by the Plan.
31 Pa. Code § 67b.1