As used in this chapter:
(1) “Developmental disability agency” means any organization that has been established and licensed by the department of behavioral healthcare, developmental disabilities and hospitals for the purpose of providing either employment, vocational supports, residential and/or day-support services for adults with developmental disabilities in Rhode Island.
(2) “Qualified third-party administrator” means an entity with at least five (5) years of experience creating and operating health-benefit plans that maintain sufficiently capitalized self-insurance funds of similar characteristics of the fund being authorized in accordance with this chapter.