Section 23-79-101 - DefinitionsAs used in this chapter:
(1) "Excepted benefits" means benefits under one (1) or more, or any combination thereof, of the following: (A) Benefits not subject to requirements, including without limitation:(i) Coverage only for accident or disability income insurance, or any combination thereof;(ii) Coverage issued as a supplement to liability insurance;(iii) Liability insurance, including general liability insurance and automobile liability insurance;(iv) Workers' compensation or similar insurance;(v) Automobile medical payment insurance;(vi) Credit-only insurance; and(vii) Other similar insurance coverage, specified in regulations, under which benefits for medical care are secondary or incidental to other insurance benefits;(B) Limited-scope dental or vision benefits;(C) Benefits for long-term care, nursing home care, home health care, community-based care, or any combination thereof;(D) Coverage only for a specified disease or illness;(E) Hospital indemnity or other fixed indemnity insurance; and(F) Medicare supplemental health insurance as defined under section 1882(g)(1) of the Social Security Act, 42 U.S.C. § 1395ss(g)(1), coverage supplemental to the coverage provided under 10 U.S.C. § 1071 et seq., and similar supplemental coverage;(2) "Policy" means the written contract of or written agreement for or effecting insurance, by whatever name called, and includes all clauses, riders, endorsements, and papers made a part thereof; and(3)(A) "Premium" is the consideration for insurance, by whatever name called.(B) Any assessment, or any membership, policy, survey, inspection, service, or similar fee or charge in consideration for a policy is deemed part of the premium.Amended by Act 2019, No. 521,§ 22, eff. 7/24/2019.Acts 1959, No. 148, §§ 269, 270; A.S.A. 1947, §§ 66-3202, 66-3203; Acts 2001, No. 1604, § 78; 2007, No. 496, § 15.