For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
INSURANCE COMPANY. A commercial organization or business entity required to be licensed by the state, to solicit, sell and issue various kinds of policies of insurance coverage undertaking to pay or indemnify another (the insured) as to loss from certain specified contingencies or risks.
INSURANCE POLICY. A written document or agreement, whereby a contract of insurance is made, including all clauses, riders, endorsements and papers attached thereto.
(1995 Code, § 5.44.010) (Am. Ord. O-2012-007, passed 3-12-12