§ 23-63-1509 - Supplemental provisions -- Rules -- Exemption. - Arkansas Statutes

23-63-1509. Supplemental provisions -- Rules -- Exemption.

(a) The provisions of this subchapter are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the Insurance Commissioner under such laws.

(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.

(c) The commissioner may exempt from the application of this subchapter a domestic health organization that:

(1) (A) Writes direct business only in this state;

(B) Assumes no reinsurance in excess of five percent (5%) of direct premium written; and

(C) Writes direct annual premiums for comprehensive medical business of two million dollars ($2,000,000) or less; or

(2) Is a limited benefit health maintenance organization.