In this chapter:
(1) "Covered individual" means an individual entitled to benefits described by Section 140.002.
(2) "Payor of benefits" or "payor" means an issuer of a plan providing benefits described by Section 140.002 that:
(A) pays benefits to or on behalf of a covered individual as a result of personal injuries to the covered individual caused by the tortious conduct of a third party; and
(B) has a contractual right of subrogation described by Section 140.004.