An extended company may:

1. (1) insure the property of policyholders of the extended company against loss or damage that is caused by:

   1. (A) fire;
   2. (B) windstorm;
   3. (C) causes specified under an extended coverage provision; and
   4. (D) other perils that are specified in the policy form;

2. (2) insure the property of policyholders of the extended company against:

   1. (A) loss of use;
   2. (B) loss of occupancy;
   3. (C) loss of rents; and

   4. (D) additional expenses;

      that result from direct loss or damage to covered property; and

3. (3) provide other kinds of insurance that are approved by the commissioner.

As added by P.L.129-2003, SEC.8.