As used in this article:

“Administrator” means the chief executive officer of the Hawaii employers’ mutual insurance company.

“Board” means the board of directors of the Hawaii employers’ mutual insurance company.

“Company” means the Hawaii employers’ mutual insurance company established by this article.

“Council” means the Hawaii employers’ mutual insurance company oversight council.

“Investment manager” means any fiduciary, who has been designated by the board to manage, acquire, or dispose of the company’s assets, a bank as defined by law, or an insurance company qualified to perform services under the laws of more than one state.

“Qualified actuary” means a member of the American Academy of Actuaries who is either a fellow of the Casualty Actuarial Society or an Associate of the Casualty Actuarial Society who has five or more years of experience.