(1) "Basic coverage compensation fund" means the fund which may be established by the University of Kentucky for the purpose of paying claims or judgments for personal injury or death to patients resulting from any tort or breach of duty based on health care services rendered or which should have been rendered by the university or its agents. This fund shall include all annual contributions made to the fund by the university.
(2) "Secretary" means the secretary of the Finance and Administration Cabinet.
(3) "Agents" means members of the board of trustees of the university, its faculty, hospital staff, nurses, nurses' aides, volunteer workers, employees and students and all other persons involved in furnishing health care within the scope of their duties or courses of study in connection with the University of Kentucky. Employed physicians and dentists are agents of the university and within the scope of their duties when rendering professional services in emergencies and other special circumstances so long as such services do not constitute private practice for which the physician or dentist derives income.
(4) "University" means the University of Kentucky.
(5) "Excess coverage fund" means funds available through appropriations made by the General Assembly to pay judgments hereunder upon exhaustion of the basic coverage compensation fund.