For the purposes of this chapter:
(1) “Annual aggregate deductible” means the maximum amount payable annually from the Arkansas Multi-Agency Insurance Trust Fund for covered losses;
(2) “Insurance Commissioner” means the Insurance Commissioner of the State Insurance Department or the commissioner's successor;
(3) “Risk manager” means the Administrator of the Risk Management Division of the State Insurance Department;
(4) “State agency” means any state agency, board, bureau, commission, council, department, institution, or other similar entity; and
(5) “Trust fund” means the Arkansas Multi-Agency Insurance Trust Fund.