Section 1600.103 - DefinitionsAs used in this act, unless the context otherwise requires:
(1) "Commissioner" means the Insurance Commissioner of the Commonwealth of Pennsylvania;(2) "Basic property insurance" means insurance against direct loss to real or tangible personal property at a fixed location caused by perils defined and limited in the standard fire policy prescribed in section 506 of the act of May 17, 1921 (P.L. 682), known as "The Insurance Company Law of 1921," and in the extended coverage endorsement approved by the commissioner pursuant to section 354 of the act, and such vandalism, malicious mischief, burglary, theft, or such other classes of insurance as may be determined by the Industry Placement Facility with the approval of the commissioner, but shall not include insurance on motor vehicle, farm or such manufacturing risks as may be excluded by the commissioner;(3) "Inspection bureau" means the organization or organizations designated by the Industry Placement Facility with the approval of the commissioner to inspect and to determine the condition of the properties for which basic property insurance is sought;(4) "Urban area" means any municipality of the Commonwealth having a blighted, deteriorated or deteriorating area (i) which the Secretary of the Department of Housing and Urban Development of the United States has approved as eligible for an urban renewal project; or (ii) which has been designated as an urban area by the Industry Placement Facility with the approval of the commissioner;(5) "Premiums written" means gross direct premiums charged on all policies of basic property insurance and the basic property insurance components of all multiple peril policies covering property in this Commonwealth less all premiums and dividends returned to policyholders and the unused or unabsorbed portions of premium deposits;(6) "Government" means the Federal government and the government of the Commonwealth of Pennsylvania, or any agency or instrumentality, corporate or otherwise, of either of them;(7) "Municipality" means any city, borough, incorporated town or township established in the Commonwealth of Pennsylvania;(8) "Federal reinsurance facility" means any agency, or instrumentality thereof, or any body corporate, created by the Federal government for the purpose of providing reinsurance for losses resulting from riots and other civil disorders;(9) "Insurer" means any insurance company or group of companies under common ownership which is authorized to engage in the insurance business under the laws of any State, and also includes any pool or association of insurance companies formed, associated or otherwise created for the purpose of sharing risks written in accordance with this act.1968, July 31, P.L. 738, No. 233, art. I, § 103.