(1) A person is guilty of burning personal property to defraud an insurer when, with intent to defraud or injure an insurer, he:
(a) Sets fire to, burns, or causes to be burned; or (b) Aids, counsels, or procures the burning of any of the goods, wares, merchandise, or other personal property of himself or another, that is insured at the time against loss or damage by fire.
(2) Burning personal property to defraud an insurer is a Class D felony.