The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
- (1) "Nonprofit corporation" or "corporation" has the same meaning as defined in RCW 24.03A.010.
- (2) "Property and liability risks" includes the risk of property damage or loss sustained by a nonprofit corporation and the risk of claims arising from the tortious or negligent conduct or any error or omission of the entity, its officers, employees, agents, or volunteers as a result of a claim that may be made against the entity.
- (3) "Self-insurance" means a formal program of advance funding and management of entity financial exposure to a risk of loss that is not transferred through the purchase of an insurance policy or contract.
- (4) "State risk manager" means the risk manager of the office of risk management within the department of enterprise services.
[ 2021 c 176 s 5230; 2015 c 109 s 6.]
Notes:
Effective date—2021 c 176: See note following RCW 24.03A.005.