As used in KRS 342.801 to 342.843, unless the context otherwise requires:
(1) "Authority" means the Kentucky Employers' Mutual Insurance Authority.
(2) "Board" means the board of directors of the authority.
(3) "Insurer of last resort" means an entity that provides workers' compensation coverage to any and all employers who comply with the provisions of KRS 342.801 to 342.843 for their business in and incidental to the Commonwealth.
(4) "Manager" means the manager of the authority.
(5) "Policyholder" means an employer in the Commonwealth or an employer with an employee or employees in the Commonwealth who has secured and maintains workers' compensation coverage under this authority.