Definitions for the Hawaii Property Insurance Association

As used in the article: "Association" means the Hawaii Property Insurance Association created under section 431:21-103. "Basic property insurance" means insurance against direct loss to real or tangible personal property from perils insured under the standard fire policy and extended coverage endorsement. "Condominium" means real property that: (1) Has a condominium association that is registered with the real estate commission in accordance with chapter 514B, part VI; (2) Consists of units as defined in section 514B-3; (3) Is used primarily for residential purposes; and (4) Is in insurable condition as determined by the association's board of directors. "High-rise condominium" means a condominium that has four or more stories that contain units that are or can be occupied by a person. "Member insurer" means any person who is authorized to transact property or casualty insurance in this State and is not engaged only in writing motor vehicle insurance under section 431:10C-106. "Net direct written premiums" means the premiums taxable pursuant to section 431:7-202(a) for policies of property and casualty insurance. "Property insurance" means policies, riders, or endorsements of insurance that provide indemnity, in whole or in part, for the loss, destruction, or damage of property and against legal liability for the death, injury, or disability of any human being, or from damage to property. "Property insurance" does not include any indemnity for loss, destruction, damage of property, or death, injury, or disability of any human being, or from damage to property, caused by a hurricane.