- (1) "Captive" means a captive insurance company created by the risk manager under Title 31A, Chapter 37, Captive Insurance Companies Act.
- (2) "Conditions" means specific policy requirements the violation of which will invalidate coverage.
- (3) "Coverage or coverage provision" means the type of protection provided against specific risks or losses.
- (4) "Covered Entity" means a state department or other state agency not within a state department, a state college or university, a public school district, a participating charter school, or other entity which is covered under the terms of a coverage document issued to it by the Risk Management Fund.
- (5) "Fund" means the Risk Management Fund created by Section 63A-4-201.
- (6) "Risk manager" means the Director of the Division of Risk Management.
- (7) "Underwriting Standard" or "Risk Control Standard" means an action or procedure which must be performed by a covered entity to reduce the risk of loss or to avoid imposition of coverage restrictions, deductibles, increased premiums, or loss of credits or dividends.
KEY: risk management
Date of Last Change: February 22, 2023
Notice of Continuation: March 21, 2022
Authorizing, and Implemented or Interpreted Law: 63A-4-101 et seq.