Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 21.14.110 - Exemptions(a) The director may exempt from the application of this chapter a domestic property and casualty insurer that (1) writes direct business only in this state;(2) writes direct annual premiums of $2,000,000 or less; and(3) does not assume reinsurance in excess of five percent of direct premiums written.(b) The director may exempt from the application of this chapter a domestic health organization that(1) writes direct business only in this state;(2) does not assume reinsurance in excess of five percent of direct premiums written and(A) writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or(B) is a limited health service organization that covers less than 2,000 lives.Added by SLA 2015, ch. 34,sec. 11, eff. 7/1/2015.