Pennsylvania Statutes Title 40 P.S. Insurance § 1615.3. Definitions

The following words and phrases when used in this act shall have, unless the context clearly indicates otherwise, the meanings given to them in this section:

“Anti-arson application.”Any application for insurance covering the peril of fire that includes certain questions which shall be answered by the applicant in addition to the basic information normally supplied to an insurer by an applicant.

“Commercial Monoline Fire Policy.”An insurance policy on a commercial or industrial premise in which coverage is limited to the perils of:

(1) fire, lightning or removal as contained in the standard fire policy in section 506 of the act of May 17, 1921 (P.L. 682, No. 284),  1 known as “The Insurance Company Law of 1921,” as amended; or

(2) fire, lightning or removal as appear in paragraph (1) and extended coverage (including windstorm or hail, smoke, explosion, riot or civil commotion, aircraft and vehicle, vandalism or malicious mischief).

Such policy shall not include any package policy or multiperil policy which provides coverage of perils other than the aforementioned, such as but not limited to coverage to bodily injury or property damage liability.

“Insurance policy” or “contract of insurance.”Any written evidence of new insurance providing coverage from the peril of fire written or entered into on or after the effective date of this act or any assignment of an existing insurance policy or contract which occurs because of the transfer of a major financial interest in the insured real property. Except for certain assignments, the term shall not include any existing property insurance policy or contract of insurance that is being renewed.

“Renewal.” The issuance and delivery by an insurer of a policy superseding at the end of the policy period a policy previously issued and delivered by the same insurer, such renewal policy to provide types and limits of coverage at least equal to those contained in the policy being superseded, or the issuance and delivery of a certificate or notice extending the term of a policy beyond its policy period or term with types and limits of coverage at least equal to those contained in the policy being extended: Provided, however, That any policy with a policy period or term of less than 12 months or any period with no fixed expiration date shall for the purpose of this act be considered as if written for successive policy periods or terms of 12 months.