"Available insurance proceeds"

Sec. 3. As used in this chapter, "available insurance proceeds" means: (1) the proceeds payable under a policy of property or casualty insurance: (A) to an innocent coinsured; and (B) based on a claim for property loss to the innocent coinsured's primary residence; minus (2) proceeds already paid under the policy of property or casualty insurance to: (A) the innocent coinsured for: (i) emergency living expenses; (ii) emergency action necessary to secure the premises of the primary residence; and (iii) action necessary to prevent further damage to the premises of the primary residence; and (B) a lienholder or mortgagee who is not under investigation by an authorized agency; in connection with the property loss described in subdivision (1). As added by P.L.148-2017, SEC.8.