In this Division:
"minimum amount" , in relation to a claim, means the amount declared by the regulations to be the minimum amount in relation to a class of claims in which that claim is included.
"prescribed contract" means a contract of insurance that is included in a class of contracts of insurance declared by the regulations to be a class of contracts in relation to which this Division applies.
"prescribed event" , in relation to a prescribed contract, means an event that is declared by the regulations to be a prescribed event in relation to that contract.