Current through the 2024 Legislative Session
Section 431:3-409 - Supplemental provisions; rules; exceptions(a) This part is supplemental to any other laws of this State, and shall not preclude or limit any other powers or duties of the commissioner under those laws, including but not limited to article 15.(b) The commissioner may adopt rules pursuant to chapter 91 necessary for the implementation of this part.(c) The commissioner may exempt from the application of this part any domestic property and casualty insurer that: (1) Writes direct business in this State;(2) Writes direct annual premiums of $2,000,000 or less; and(3) Assumes no reinsurance in excess of five per cent of direct premiums written.(d) The commissioner may exempt from the application of this part any domestic benefit society or health maintenance organization that:(1) Writes direct business only in this State;(2) Assumes no reinsurance in excess of five per cent of direct premiums written; and(3) Writes direct annual premiums for comprehensive medical business of $2,000,000 or less; or(4) Is a benefit society or health maintenance organization that covers fewer than two-thousand lives.Amended by L 2011, c 80, § 6, eff. 7/1/2011.L 1994, c 190, pt of §1; am L 1995, c 61, §2 as superseded by c 232, §4; am L 1997, c 75, §12; am L 1999, c 128, §2