North Dakota Century Code Title 26.1. Insurance § 26.1-22-01. Definitions

1. “Fund” means the state fire and tornado fund.

2. “Indirect loss” means a loss in income or the additional expenses incurred because of a property loss.

3. “International peace garden” means an entity located upon the international boundary line between the United States and Canada used and maintained as a memorial to commemorate the long-existing relationship of peace and good will between the people and the governments of the United States and Canada and to further international peace among the nations of the world.

4. “North Dakota insurance reserve fund” means the public risk pool established under section 26.1-23.1-01 regardless of any name change or dissolution and reincorporation if the risk pool continues to provide coverage to a majority of eligible political subdivisions in the state.

5. “Office” means the office of management and budget.

6. “Permanent contents” refers only to such public property, either owned or leased, usually kept or used in or about public buildings insured in the fund, and to all public personal property usually kept or used in or about all buildings used for public purposes, or within one hundred feet [30.48 meters] of all such buildings, or while on sidewalks, streets, alleys, yards, detached platforms, and in or on railway cars. The term includes similar property owned by an international peace garden or a winter show. The term does not include automobiles, trucks, tractors, road machinery, or similar property used principally outside such buildings.

7. “Political subdivision” means a county, township, park district, school district, city, or any other unit of local government which is created either by statute or by the Constitution of North Dakota for local government or other public purposes.

8. “Replacement cost” is the cost to replace a building or its permanent contents with a similar structure of like materials or a similar product at current prices.

9. “State agency” means a state board, bureau, commission, department, agency, industry, or institution and the international peace garden.

10. “Winter show” means an agricultural exhibition sponsored each year in March by a nonprofit corporation.