This regulation shall apply to all domestic life and accident and health insurers and to all other licensed life and accident and health insurers not subject to a substantially similar regulation in their domiciliary state. This regulation shall also similarly apply to licensed property and casualty insurers with respect to their accident and health business. This regulation does not apply to assumption reinsurance, yearly renewable term reinsurance, stop loss nonproportional reinsurance or catastrophe nonproportional reinsurance.
02-031 C.M.R. ch. 760, § 3