(a) "accident insurance" means insurance by which the insurer undertakes, otherwise than incidentally to some other class of insurance, to pay insurance money in the event of accident to the person insured but does not include insurance by which the insurer undertakes to pay insurance both in the event of death by accident and in the event of death from another cause;
(b) "agent" means agent as defined in the Life and Accident Insurance Agents Licensing Act;
(c) "automobile" includes a trolley bus and a self-propelled vehicle, and the trailers, accessories and equipment of automobiles, but does not include railway rolling stock that runs on rails, or watercraft, or aircraft;
(d) "automobile insurance" means insurance
(i) against liability arising out of
(A) bodily injury to or the death of a person, or
(B) loss of or damage to property
caused by an automobile or the use or operation of an automobile, or
(ii) against loss of or damage to an automobile and the loss of use of an automobile,
and includes insurance otherwise coming within the class of accident insurance where the accident is caused by an automobile or the use or operation of an automobile, whether liability exists or not, where the contract also includes insurance described in subparagraph (i);
(e) "beneficiary" means a person designated or appointed as one to whom or for whose benefit insurance money is to be payable;
(f) "contract" means a contract of insurance and includes a policy, certificate, interim receipt, renewal receipt or writing evidencing the contract, whether sealed or not, and a binding oral agreement;
(g) "court" means the Trial Division or a judge of the Trial Division;
(h) "credit insurance" means insurance against loss to the insured through the insolvency or default of a person to whom credit is given in respect of goods, wares or merchandise;
(i) "disability insurance" means insurance undertaken by an insurer as part of a life insurance contract whose terms provide for the duration of the insurance for more than 1 year and for the payment of insurance money or the granting of benefits in the event that the insured becomes disabled as a result of bodily injury or disease;
(j) "foreign jurisdiction" means a jurisdiction other than the province;
(k) "guarantee insurance" means the undertaking to perform an agreement or contract or to discharge a trust, duty or obligation upon default of the person liable for the performance or discharge or to pay money upon that default or instead of that performance or discharge or where there is loss or damage through that default, but does not include credit insurance;
(l) "insurance" means the undertaking by 1 person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event;
(m) "insurance money" means the amount payable by an insurer under a contract and includes all benefits, surplus, profits, dividends, bonuses, and annuities payable under the contract;
(n) "insured" means a person who enters into a contract with an insurer;
(o) "insurer" means the person who undertakes or agrees or offers to undertake a contract;
(p) "life insurance" means insurance by which the insurer undertakes to pay insurance money on death or on the happening of a contingency dependent on human life, or by which the insurer undertakes to pay insurance money subject to the payment of premiums for a term depending on human life but, except to the extent of double indemnity insurance, does not include insurance payable in the event of death by accident only;
(q) "marine insurance" means insurance against marine losses, that is to say, the losses incident to marine adventure, and may by the express terms of a contract or by usage of trade extend so as to protect the insured against losses on inland waters or by land or air which are incidental to a sea voyage;
(r) "officer" includes a trustee, director, manager, treasurer, secretary or member of the board or committee of management of an insurer or a person appointed by the insurer to sue and be sued in its behalf;
(s) "policy" means the instrument evidencing a contract;
(t) "premium" means the single or periodical payment under a contract for the insurance and includes dues, assessments and other considerations;
(u) "property" includes profits, earnings and other monetary interests and expenditure for rents, interest, taxes and other outgoings and charges and in respect of inability to occupy the insured premises, but only to the extent of express provision in the contract;
(v) "reciprocal or inter-insurance exchange" means a group of subscribers exchanging reciprocal contracts of indemnity of inter-insurance with each other through the same attorney;
(w) "sickness insurance" means insurance by which the insurer undertakes to pay insurance money in the event of sickness of the person insured but does not include disability insurance forming part of a life insurance contract; and
(x) "statutory condition" means a condition required by a law of the province relating to insurance to be included in a contract.