§ 26-12-101 — "Industrial insured" defined

(a) As used in this chapter:
(i) "Industrial insured" means an insured:
(A) Which procures the insurance of any risk
other than life and annuity contracts through the services of a
full-time employee acting as an insurance manager or buyer or
the services of a regularly and continuously retained qualified
insurance consultant;
(B) Whose aggregate annual premiums for
insurance on all risks total at least twenty-five thousand
dollars ($25,000.00); and
(C) Which has at least twenty-five (25)
full-time employees.