As used in this chapter:

1. (1) "Captive insurance company" means the same as that term is defined in Section 31A-37-102.

2. (2) "Covered entity" means a participating entity of:

   1. (a) the Risk Management Fund; or
   2. (b) any captive insurance company created by the risk manager.

Enacted by Chapter 33, 2021 General Session