For purposes of this chapter, "industrial insured" means a person who purchases commercial insurance and, at the time of placement:
(1) employs or retains a qualified risk manager to negotiate insurance coverage; and
(2) either:
(A) has paid aggregate nationwide commercial property and casualty insurance premiums of more than $25,000 in the immediately preceding 12 months; or
(B) employs at least 25 full-time employees.