(a) As used in this chapter:

(i) 'Account' means the medical liability compensation account;

(ii) 'Board' means the board of directors of the medical liability compensation account;

(iii) 'Health care' means any act or treatment performed or furnished, or which should have been performed or furnished, by any physician for, to, or on behalf of a patient during the patient's medical care, treatment or confinement;

(iv) 'Insurer' means an authority or an insurance company engaged in writing malpractice liability insurance in this state in accordance with this code;

(v) 'Malpractice' means the rendering of or failure to render professional medical services as a result of which the patient has a cause of action against a licensed physician for monetary damages;

(vi) 'Physician' means a person licensed by the state board of medicine to provide health care or professional services as a physician.