R37-1-3. Definitions  


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  • (1) "Conditions" specific policy requirements the violation of which will invalidate coverage.

    (2) "Coverage or coverage provision" means the type of protection provided against specific risks or losses.

    (3) "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.

    (4) "Underwriting Standard" or "Risk Control Standard" means an action or procedure which must be performed by a covered entity in order to reduce the risk of loss or to avoid imposition of coverage restrictions, deductibles, increased premiums, or loss of credits or dividends.