As used in the article:

“Association” means the Hawaii Property Insurance Association created under § 431:21-103.

“Basic property insurance” means insurance against direct loss to real or tangible personal property from perils insured under the standard fire policy and extended coverage endorsement.

“Member insurer” means any person who is authorized to transact property or casualty insurance in this State and is not engaged only in writing motor vehicle insurance under § 431:10C-106.

“Net direct written premiums” means the premiums taxable pursuant to section 431:7-202(a) for policies of property and casualty insurance.