This chapter does not apply to:

1. (1) any individual, agency, association, or corporation not organized or incorporated for pecuniary profit or financial gain;
2. (2) any organization or association that is exempt from taxation under Section 501(c) of the Internal Revenue Code; or

3. (3) any policy issued under IC 27 or entity licensed or regulated under IC 27 , including the following:

   1. (A) A health maintenance organization under IC 27-13 .
   2. (B) A claim review agent under IC 27-8-16 .
   3. (C) A utilization review agent under IC 27-8-17 .
   4. (D) A preferred provider arrangement under IC 27-8-11 .
   5. (E) An insurance administrator under IC 27-1-25 .

As added by P.L.33-1993, SEC.23. Amended by P.L.26-1994, SEC.8.