020-1 Wyo. Code R. §§ 1-3 - Definitions applicable to the Mine Subsidence Insurance Program
In addition to the definitions contained in W.S. 35-11-1301 (West 2007) the following definitions apply to the program:
(a)
"Aggregate" means the total amount of funds available in the Mine Subsidence
Insurance Program at any given time to pay for claims of which the Mine
Subsidence Insurance Program has been notified and which are in the process of
settlement.
(b) "Fair market" value
means a value as determined by either the local tax assessor, an appraisal by a
licensed appraiser, or a market analysis by a licensed realtor.
(c) "Fixture" means sidewalks, driveways,
utilities and other physical improvements permanently affixed to the realty
which enhance use and enjoyment of the realty which are either owned by or the
responsibility of the insured, excluding land, trees, plants and
crops.
(d) "Known subsidence areas"
means lands beneath which m1rung has occurred and such mining has been
documented in public records, or where there is physical evidence of
subsidence.
(e) "Loss" means
physical damage to a structure or the adverse effect to the utility of a
structure as defined by
W.S.
35-11-1301(a)(iii) (West
2007).
Notes
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