An industrial insured is an insured that does both of the following:
1. The insured employs at least 25 employees on average during the prior 12 months.
2. The insured has aggregate annual premiums for insurance for all risks other than workers' compensation and health coverage totaling no less than twenty-five thousand dollars ($25,000), or obtains insurance through the services of a full-time employee acting as an insurance manager or a continuously retained insurance consultant. A "continuously retained insurance consultant" does not include:
(i) an agent or broker through whom the insurance is being placed,
(ii) a subagent or subproducer involved in the transaction, or
(iii) an agent or broker that is a business organization employing or contracting with a person mentioned in clauses (i) and (ii).
An industrial insured is not required to sign the D-1 statement per CIC Section 1764.1(c). A D-2 statement is still required.