The commissioner may exempt from the application of this chapter:(1) A domestic property and casualty insurer that:(A) writes direct business only in Indiana;(B) receives annual premiums from direct business written of not more than two million dollars ($2,000,000); and(C) assumes no reinsurance in excess of five percent (5%) of direct business written.(2) A health maintenance organization that:(A) operates only in Indiana; and(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000).(3) A limited service health maintenance organization that:(A) operates only in Indiana;(B) receives annual subscriber premiums (as defined in IC 27-13-1-33) of not more than two million dollars ($2,000,000); and(C) covers not more than two thousand (2,000) enrollees.As added by P.L.186-1996, SEC.1. Amended by P.L.51-2002, SEC.1.
Indiana Legal Code