374.400.  Definitions. — Unless otherwise clearly indicated by the context, the following words and terms as used in sections 374.400 to 374.410 shall mean:

  (1)  "Director", the director of the department of commerce and insurance;

  (2)  "Dwelling-owners' insurance", a policy of insurance on a one- or two-family owner-occupied premises^* which combines fire and allied lines with any one or more perils of casualty, liability, or other types of insurance within one policy form at a single premium, where the insurer's liability for damage to the premises^* under said policy is determined with reference to the premises' actual cash value;

  (3)  "Homeowners' insurance", a policy of insurance on a one- or two-family owner-occupied premises^* which combines fire and allied lines with any one or more perils of casualty, liability, or other types of insurance within one policy form at a single premium, where the insurer's liability for damage to the premises^* under said policy is determined with reference to the premises' replacement value;

  (4)  "Insurer", any insurance company, reciprocal or inter-insurance exchange, licensed and authorized by the director to write homeowners' insurance, dwelling-owners' insurance, renters' or tenants' insurance, or residential fire insurance upon property located within this state;

  (5)  "Renters' or tenants' insurance", a policy of insurance on a single- or multiple-family premises^* which combines fire and allied lines with any one or more perils of casualty, liability, or other types of insurance within one policy form at a single premium, where the insurer's liability for damage to the contents of the premises^* under said policy is determined with reference to the contents' actual cash value;

  (6)  "Residential fire insurance", a policy of insurance which provides fire coverage or fire and allied lines coverage on a residential premises^* within one policy form, where the insurer's liability for damage to the premises^* under said policy is determined with reference to the premises' actual cash value.